2024 QAR to CVE Historical Review

YEARLY HIGH

29.1660 CVE

YEARLY LOW

27.1031 CVE

YEARLY AVERAGE

28.0032 CVE

2024 QAR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 29.1660. Conversely, the yearly low was recorded on September 20, dropping to 27.1031.

This high-to-low spread represents a total annual volatility of 2.0629 CVE. From a start-to-finish perspective, comparing the January average rate of 27.7611 to the December average rate of 28.8895, the exchange rate registered a net change of 4.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.1660 was up 0.60% compared to the 2023 peak of 28.9922, 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 145,830 CVE

2023 Average 140,103 CVE

Yearly Trough Low 135,515 CVE

Transaction Impact: A difference of 10,314.55 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

29.0502

27.1221

JanuMarcMayJulySeptNove

QAR to CVE 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 28.0179, compared to 27.9885 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0293 points.

H1 Avg (Jan–Jun) 28.0179

H2 Avg (Jul–Dec) 27.9885

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.2772 CVE (High: 29.0773 / Low: 27.8001). On the other end, September was the most stable month, with a tight range of 0.3762 CVE (High: 27.4793 / Low: 27.1031).

November Spread (Volatile) ±1.2772

September Spread (Stable) ±0.3762

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 0.3365 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3365

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 28.8895) against the same month in 2023 (average: 27.7590), the exchange rate shifted by +1.1306 (+4.07%).

2024 Avg (December) 28.8895

2023 Avg (December) 27.7590

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.9826	27.3028	27.7611
February	28.3029	27.7634	28.0693
March	28.1379	27.6534	27.8863
April	28.5332	27.8845	28.2019
May	28.4606	27.7816	28.0424
June	28.4141	27.6708	28.1462
July	28.3046	27.6499	27.9093
August	28.3789	27.1268	27.5728
September	27.4793	27.1031	27.2827
October	28.1065	27.3219	27.7909
November	29.0773	27.8001	28.4860
December	29.1660	28.5646	28.8895