2024 QAR to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 QAR to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the QAR to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on July 9, valuing the pair at 146.6271. Conversely, the yearly low was recorded on April 4, dropping to 136.7887.
This high-to-low spread represents a total annual volatility of 9.8384 CRC. From a start-to-finish perspective, comparing the January average rate of 141.9013 to the December average rate of 138.8587, the exchange rate registered a net change of -2.14% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 146.6271 was down 9.73% compared to the 2023 peak of 162.4267, 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 CRC 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 141.0621, compared to 141.9935 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9314 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 3.4968 CRC (High: 146.6271 / Low: 143.1304). On the other end, November was the most stable month, with a tight range of 1.7497 CRC (High: 141.0077 / Low: 139.2580).
Growth Streaks & Declines
TrendsBetween April and July, 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 February and March, when the average rate fell by 1.9092 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 144.5135) against the same month in 2023 (average: 148.3811), the exchange rate shifted by -3.8675 (-2.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 143.0654 | 140.3086 | 141.9013 |
| February | 142.7697 | 140.6216 | 141.5466 |
| March | 141.0928 | 137.8218 | 139.6374 |
| April | 139.6848 | 136.7887 | 138.3773 |
| May | 143.0219 | 139.9132 | 140.7010 |
| June | 145.7974 | 142.7958 | 144.2093 |
| July | 146.6271 | 143.1304 | 144.5135 |
| August | 145.4879 | 142.0274 | 144.1921 |
| September | 144.6329 | 141.9031 | 142.6025 |
| October | 142.7479 | 140.6333 | 141.6389 |
| November | 141.0077 | 139.2580 | 140.1553 |
| December | 139.6674 | 137.6419 | 138.8587 |