2024 QAR to GMD Historical Review

YEARLY HIGH

19.8289 GMD

YEARLY LOW

18.3092 GMD

YEARLY AVERAGE

18.8896 GMD

2024 QAR to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 19.8289. Conversely, the yearly low was recorded on February 4, dropping to 18.3092.

This high-to-low spread represents a total annual volatility of 1.5197 GMD. From a start-to-finish perspective, comparing the January average rate of 18.4705 to the December average rate of 19.7133, the exchange rate registered a net change of 6.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 19.8289 was up 7.08% compared to the 2023 peak of 18.5183, 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 99,144 GMD

2023 Average 85,501 GMD

Yearly Trough Low 91,546 GMD

Transaction Impact: A difference of 7,598.36 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

19.8376

18.3463

JanuMarcMayJulySeptNove

QAR to GMD 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 18.5859, compared to 19.1932 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6073 points.

H1 Avg (Jan–Jun) 18.5859

H2 Avg (Jul–Dec) 19.1932

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.8509 GMD (High: 19.3595 / Low: 18.5086). On the other end, March was the most stable month, with a tight range of 0.0745 GMD (High: 18.6920 / Low: 18.6176).

October Spread (Volatile) ±0.8509

March Spread (Stable) ±0.0745

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0961 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0961

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 19.7133) against the same month in 2023 (average: 18.4799), the exchange rate shifted by +1.2334 (+6.67%).

2024 Avg (December) 19.7133

2023 Avg (December) 18.4799

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.5208	18.4164	18.4705
February	18.6620	18.3092	18.5534
March	18.6920	18.6176	18.6538
April	18.6654	18.5811	18.6393
May	18.6884	18.5335	18.6023
June	18.6220	18.4586	18.5964
July	19.0801	18.5646	18.6146
August	19.4960	18.9325	19.1938
September	19.4976	18.7832	19.0977
October	19.3595	18.5086	19.0075
November	19.6392	19.3571	19.5325
December	19.8289	19.4920	19.7133