2024 QAR to IRR Historical Review

YEARLY HIGH

11651.7960 IRR

YEARLY LOW

11418.6467 IRR

YEARLY AVERAGE

11554.4683 IRR

2024 QAR to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 11651.7960. Conversely, the yearly low was recorded on February 4, dropping to 11418.6467.

This high-to-low spread represents a total annual volatility of 233.1493 IRR. From a start-to-finish perspective, comparing the January average rate of 11541.7781 to the December average rate of 11580.0295, the exchange rate registered a net change of 0.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 11651.7960 was down 0.75% compared to the 2023 peak of 11739.2742, 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 58,258,980 IRR

2023 Average 57,940,693 IRR

Yearly Trough Low 57,093,233 IRR

Transaction Impact: A difference of 1,165,746.63 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

11584.2494

11533.6104

JanuMarcMayJulySeptNove

QAR to IRR 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 11547.3819, compared to 11561.5547 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.1728 points.

H1 Avg (Jan–Jun) 11547.3819

H2 Avg (Jul–Dec) 11561.5547

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 134.1344 IRR (High: 11552.7811 / Low: 11418.6467). On the other end, January was the most stable month, with a tight range of 49.4159 IRR (High: 11557.8559 / Low: 11508.4399).

February Spread (Volatile) ±134.1344

January Spread (Stable) ±49.4159

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 11.4826 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -11.4826

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 11569.9411) against the same month in 2023 (average: 11602.1571), the exchange rate shifted by -32.2160 (-0.28%).

2024 Avg (August) 11569.9411

2023 Avg (August) 11602.1571

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11557.8559	11508.4399	11541.7781
February	11552.7811	11418.6467	11537.8303
March	11571.7131	11515.4881	11544.3896
April	11565.8847	11510.7398	11550.2429
May	11595.4964	11506.5142	11553.0562
June	11594.6563	11465.9660	11556.9945
July	11584.0765	11533.1992	11554.6356
August	11651.7960	11535.2656	11569.9411
September	11606.9898	11537.8734	11558.4585
October	11563.1265	11500.6513	11550.6741
November	11567.9948	11511.8773	11555.5895
December	11636.2302	11528.0457	11580.0295