2024 QAR to ISK Historical Review

YEARLY HIGH

39.0005 ISK

YEARLY LOW

36.9867 ISK

YEARLY AVERAGE

37.8733 ISK

2024 QAR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 39.0005. Conversely, the yearly low was recorded on September 26, dropping to 36.9867.

This high-to-low spread represents a total annual volatility of 2.0138 ISK. From a start-to-finish perspective, comparing the January average rate of 37.5788 to the December average rate of 38.0710, the exchange rate registered a net change of 1.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 39.0005 was down 1.99% compared to the 2023 peak of 39.7904, 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 195,003 ISK

2023 Average 189,210 ISK

Yearly Trough Low 184,934 ISK

Transaction Impact: A difference of 10,068.99 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

38.6035

37.4414

JanuMarcMayJulySeptNove

QAR to ISK 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 37.9549, compared to 37.7917 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1631 points.

H1 Avg (Jan–Jun) 37.9549

H2 Avg (Jul–Dec) 37.7917

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 1.1615 ISK (High: 38.1482 / Low: 36.9867). On the other end, July was the most stable month, with a tight range of 0.6294 ISK (High: 38.1460 / Low: 37.5166).

September Spread (Volatile) ±1.1615

July Spread (Stable) ±0.6294

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.4076 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 38.5067) against the same month in 2023 (average: 37.4435), the exchange rate shifted by +1.0632 (+2.84%).

2024 Avg (April) 38.5067

2023 Avg (April) 37.4435

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.8798	37.0762	37.5788
February	38.1379	37.2570	37.8019
March	38.2492	37.0995	37.6762
April	39.0005	38.0232	38.5067
May	38.4559	37.5868	38.0990
June	38.3466	37.6437	38.0664
July	38.1460	37.5166	37.7929
August	38.1736	37.4264	37.8599
September	38.1482	36.9867	37.5880
October	37.9735	37.0545	37.5383
November	38.3684	37.3968	37.9002
December	38.4256	37.7347	38.0710