2024 QAR to GYD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 QAR to GYD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the QAR to GYD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 58.7697. Conversely, the yearly low was recorded on June 8, dropping to 56.9718.
This high-to-low spread represents a total annual volatility of 1.7980 GYD. From a start-to-finish perspective, comparing the January average rate of 57.4429 to the December average rate of 57.4054, the exchange rate registered a net change of -0.07% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 58.7697 was up 0.01% compared to the 2023 peak of 58.7611, 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 GYD 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 57.4423, compared to 57.4261 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0163 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 1.5412 GYD (High: 58.7697 / Low: 57.2285). On the other end, July was the most stable month, with a tight range of 0.1800 GYD (High: 57.4813 / Low: 57.3012).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0394 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 57.4857) against the same month in 2023 (average: 57.7746), the exchange rate shifted by -0.2889 (-0.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 57.5401 | 57.3189 | 57.4429 |
| February | 57.5160 | 57.3320 | 57.4429 |
| March | 58.7697 | 57.2285 | 57.4857 |
| April | 57.5511 | 57.3369 | 57.4463 |
| May | 57.6638 | 57.1956 | 57.4210 |
| June | 57.6426 | 56.9718 | 57.4153 |
| July | 57.4813 | 57.3012 | 57.3964 |
| August | 57.8602 | 57.1158 | 57.4493 |
| September | 57.5050 | 57.3043 | 57.4397 |
| October | 57.5758 | 57.3539 | 57.4267 |
| November | 57.6216 | 57.2070 | 57.4389 |
| December | 57.5253 | 57.3236 | 57.4054 |