2024 QAR to BGN Historical Review

YEARLY HIGH

0.5180 BGN

YEARLY LOW

0.4801 BGN

YEARLY AVERAGE

0.4963 BGN

2024 QAR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 0.5180. Conversely, the yearly low was recorded on September 26, dropping to 0.4801.

This high-to-low spread represents a total annual volatility of 0.0380 BGN. From a start-to-finish perspective, comparing the January average rate of 0.4921 to the December average rate of 0.5126, the exchange rate registered a net change of 4.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5180 was up 0.92% compared to the 2023 peak of 0.5133, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 QAR based on timing:

Yearly Peak High 2,590 BGN

2023 Average 2,481 BGN

Yearly Trough Low 2,400 BGN

Transaction Impact: A difference of 189.76 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5156

0.4804

JanuMarcMayJulySeptNove

QAR to BGN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.4966, compared to 0.4960 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.4966

H2 Avg (Jul–Dec) 0.4960

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0242 BGN (High: 0.5158 / Low: 0.4916). On the other end, March was the most stable month, with a tight range of 0.0073 BGN (High: 0.4978 / Low: 0.4905).

November Spread (Volatile) ±0.0242

March Spread (Stable) ±0.0073

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0069 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0069

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.5126) against the same month in 2023 (average: 0.4915), the exchange rate shifted by +0.0212 (+4.31%).

2024 Avg (December) 0.5126

2023 Avg (December) 0.4915

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4963	0.4845	0.4921
February	0.5012	0.4924	0.4973
March	0.4978	0.4905	0.4941
April	0.5056	0.4944	0.5007
May	0.5032	0.4927	0.4965
June	0.5027	0.4924	0.4987
July	0.5003	0.4913	0.4946
August	0.4977	0.4802	0.4877
September	0.4878	0.4801	0.4833
October	0.4984	0.4852	0.4925
November	0.5158	0.4916	0.5053
December	0.5180	0.5067	0.5126