2024 QAR to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 QAR to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the QAR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 813.0463. Conversely, the yearly low was recorded on February 4, dropping to 779.6180.
This high-to-low spread represents a total annual volatility of 33.4284 BIF. From a start-to-finish perspective, comparing the January average rate of 783.2212 to the December average rate of 809.1810, the exchange rate registered a net change of 3.31% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 813.0463 was up 3.50% compared to the 2023 peak of 785.5475, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 QAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
QAR to BIF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 786.2377, compared to 797.3725 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.1348 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 19.2426 BIF (High: 813.0463 / Low: 793.8038). On the other end, July was the most stable month, with a tight range of 3.7317 BIF (High: 792.1284 / Low: 788.3968).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 809.1810) against the same month in 2023 (average: 782.1775), the exchange rate shifted by +27.0035 (+3.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 785.4985 | 780.6591 | 783.2212 |
| February | 789.2750 | 779.6180 | 784.8723 |
| March | 787.7789 | 782.8087 | 785.5708 |
| April | 788.9331 | 783.7158 | 786.6660 |
| May | 792.7407 | 785.3657 | 787.7380 |
| June | 795.0522 | 783.6892 | 789.3576 |
| July | 792.1284 | 788.3968 | 790.0287 |
| August | 796.2960 | 787.9369 | 791.6683 |
| September | 796.1729 | 791.1683 | 794.4346 |
| October | 809.2920 | 794.1424 | 796.9859 |
| November | 810.5177 | 794.9180 | 801.9365 |
| December | 813.0463 | 793.8038 | 809.1810 |