2024 QAR to HKD Historical Review

YEARLY HIGH

2.1607 HKD

YEARLY LOW

2.1214 HKD

YEARLY AVERAGE

2.1420 HKD

2024 QAR to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 2.1607. Conversely, the yearly low was recorded on October 5, dropping to 2.1214.

This high-to-low spread represents a total annual volatility of 0.0393 HKD. From a start-to-finish perspective, comparing the January average rate of 2.1455 to the December average rate of 2.1340, the exchange rate registered a net change of -0.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1607 was down 0.94% compared to the 2023 peak of 2.1811, 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 10,804 HKD

2023 Average 10,744 HKD

Yearly Trough Low 10,607 HKD

Transaction Impact: A difference of 196.48 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1517

2.1298

JanuMarcMayJulySeptNove

QAR to HKD 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 2.1463, compared to 2.1377 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0086 points.

H1 Avg (Jan–Jun) 2.1463

H2 Avg (Jul–Dec) 2.1377

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0261 HKD (High: 2.1501 / Low: 2.1240). On the other end, July was the most stable month, with a tight range of 0.0073 HKD (High: 2.1467 / Low: 2.1394).

February Spread (Volatile) ±0.0261

July Spread (Stable) ±0.0073

Growth Streaks & Declines

Trends

Between January and April, 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 September and October, when the average rate fell by 0.0072 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0072

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2.1428) against the same month in 2023 (average: 2.1477), the exchange rate shifted by -0.0049 (-0.23%).

2024 Avg (August) 2.1428

2023 Avg (August) 2.1477

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1481	2.1361	2.1455
February	2.1501	2.1240	2.1467
March	2.1540	2.1436	2.1483
April	2.1544	2.1417	2.1498
May	2.1507	2.1363	2.1440
June	2.1476	2.1275	2.1434
July	2.1467	2.1394	2.1432
August	2.1607	2.1362	2.1428
September	2.1424	2.1341	2.1388
October	2.1348	2.1214	2.1316
November	2.1388	2.1293	2.1358
December	2.1413	2.1274	2.1340