2024 QAR to ILS Historical Review

YEARLY HIGH

1.0516 ILS

YEARLY LOW

0.9762 ILS

YEARLY AVERAGE

1.0160 ILS

2024 QAR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 1.0516. Conversely, the yearly low was recorded on December 9, dropping to 0.9762.

This high-to-low spread represents a total annual volatility of 0.0754 ILS. From a start-to-finish perspective, comparing the January average rate of 1.0179 to the December average rate of 0.9947, the exchange rate registered a net change of -2.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0516 was down 6.07% compared to the 2023 peak of 1.1196, 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 5,258 ILS

2023 Average 5,059 ILS

Yearly Trough Low 4,881 ILS

Transaction Impact: A difference of 376.80 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0369

0.9908

JanuMarcMayJulySeptNove

QAR to ILS 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 1.0147, compared to 1.0173 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 1.0147

H2 Avg (Jul–Dec) 1.0173

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0577 ILS (High: 1.0516 / Low: 0.9939). On the other end, June was the most stable month, with a tight range of 0.0260 ILS (High: 1.0334 / Low: 1.0074).

August Spread (Volatile) ±0.0577

June Spread (Stable) ±0.0260

Growth Streaks & Declines

Trends

Between July and October, 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 November and December, when the average rate fell by 0.0266 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0266

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 1.0228) against the same month in 2023 (average: 1.0276), the exchange rate shifted by -0.0048 (-0.47%).

2024 Avg (August) 1.0228

2023 Avg (August) 1.0276

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0422	0.9853	1.0179
February	1.0150	0.9807	1.0001
March	1.0144	0.9795	0.9976
April	1.0497	1.0100	1.0319
May	1.0311	1.0042	1.0161
June	1.0334	1.0074	1.0245
July	1.0351	0.9922	1.0079
August	1.0516	0.9939	1.0228
September	1.0396	0.9963	1.0241
October	1.0458	1.0161	1.0331
November	1.0317	0.9982	1.0213
December	1.0104	0.9762	0.9947