2024 QAR to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 QAR to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the QAR to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 795.6042. Conversely, the yearly low was recorded on January 20, dropping to 729.0010.
This high-to-low spread represents a total annual volatility of 66.6032 CDF. From a start-to-finish perspective, comparing the January average rate of 747.1079 to the December average rate of 783.5069, the exchange rate registered a net change of 4.87% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 795.6042 was up 3.72% compared to the 2023 peak of 767.0664, 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 CDF 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 762.7047, compared to 782.9192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.2144 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 26.9860 CDF (High: 755.9870 / Low: 729.0010). On the other end, March was the most stable month, with a tight range of 7.3384 CDF (High: 766.7693 / Low: 759.4309).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.8294 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 782.9736) against the same month in 2023 (average: 679.5145), the exchange rate shifted by +103.4592 (+15.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 755.9870 | 729.0010 | 747.1079 |
| February | 760.7279 | 749.1317 | 756.4690 |
| March | 766.7693 | 759.4309 | 761.7966 |
| April | 774.3610 | 761.0884 | 766.3648 |
| May | 776.0538 | 763.4349 | 767.3257 |
| June | 782.7950 | 766.6940 | 777.1645 |
| July | 788.3282 | 776.1500 | 780.4334 |
| August | 795.6042 | 773.4577 | 782.9736 |
| September | 786.9258 | 777.7481 | 781.9017 |
| October | 790.2086 | 778.3990 | 783.3632 |
| November | 789.6701 | 780.8936 | 785.3363 |
| December | 788.8237 | 779.5083 | 783.5069 |