2024 QAR to CAD Historical Review

YEARLY HIGH

0.3968 CAD

YEARLY LOW

0.3622 CAD

YEARLY AVERAGE

0.3762 CAD

2024 QAR to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.3968. Conversely, the yearly low was recorded on January 1, dropping to 0.3622.

This high-to-low spread represents a total annual volatility of 0.0346 CAD. From a start-to-finish perspective, comparing the January average rate of 0.3683 to the December average rate of 0.3915, the exchange rate registered a net change of 6.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3968 was up 3.96% compared to the 2023 peak of 0.3817, 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 1,984 CAD

2023 Average 1,853 CAD

Yearly Trough Low 1,811 CAD

Transaction Impact: A difference of 173.06 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3938

0.3660

JanuMarcMayJulySeptNove

QAR to CAD 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 0.3729, compared to 0.3795 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 0.3729

H2 Avg (Jul–Dec) 0.3795

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0147 CAD (High: 0.3840 / Low: 0.3693). On the other end, May was the most stable month, with a tight range of 0.0044 CAD (High: 0.3772 / Low: 0.3728).

August Spread (Volatile) ±0.0147

May Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0037 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.3915) against the same month in 2023 (average: 0.3680), the exchange rate shifted by +0.0235 (+6.40%).

2024 Avg (December) 0.3915

2023 Avg (December) 0.3680

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3715	0.3622	0.3683
February	0.3729	0.3658	0.3704
March	0.3751	0.3697	0.3718
April	0.3795	0.3714	0.3756
May	0.3772	0.3728	0.3752
June	0.3783	0.3739	0.3761
July	0.3803	0.3732	0.3764
August	0.3840	0.3693	0.3756
September	0.3737	0.3685	0.3719
October	0.3827	0.3706	0.3775
November	0.3873	0.3799	0.3839
December	0.3968	0.3849	0.3915