2024 QAR to GNF Historical Review

YEARLY HIGH

2385.8280 GNF

YEARLY LOW

2340.8546 GNF

YEARLY AVERAGE

2364.0409 GNF

2024 QAR to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 2385.8280. Conversely, the yearly low was recorded on June 8, dropping to 2340.8546.

This high-to-low spread represents a total annual volatility of 44.9734 GNF. From a start-to-finish perspective, comparing the January average rate of 2359.2130 to the December average rate of 2369.2246, the exchange rate registered a net change of 0.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2385.8280 was down 1.29% compared to the 2023 peak of 2416.9184, 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 11,929,140 GNF

2023 Average 11,827,957 GNF

Yearly Trough Low 11,704,273 GNF

Transaction Impact: A difference of 224,867.14 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2373.3042

2357.1257

JanuMarcMayJulySeptNove

QAR to GNF 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 2359.7277, compared to 2368.3541 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.6265 points.

H1 Avg (Jan–Jun) 2359.7277

H2 Avg (Jul–Dec) 2368.3541

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 29.4496 GNF (High: 2377.9092 / Low: 2348.4596). On the other end, September was the most stable month, with a tight range of 7.1934 GNF (High: 2376.0472 / Low: 2368.8539).

February Spread (Volatile) ±29.4496

September Spread (Stable) ±7.1934

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 2.2167 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -2.2167

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2368.3740) against the same month in 2023 (average: 2363.0101), the exchange rate shifted by +5.3639 (+0.23%).

2024 Avg (August) 2368.3740

2023 Avg (August) 2363.0101

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2368.1833	2350.4603	2359.2130
February	2377.9092	2348.4596	2360.9537
March	2364.8190	2353.0656	2359.6818
April	2362.8996	2350.6442	2358.4739
May	2369.8152	2352.3317	2358.7483
June	2368.6194	2340.8546	2361.2953
July	2374.7054	2357.3956	2362.5355
August	2385.8280	2357.6139	2368.3740
September	2376.0472	2368.8539	2371.9560
October	2382.4173	2364.6626	2369.7394
November	2381.0700	2362.1521	2368.2954
December	2376.3524	2364.6341	2369.2246