2024 QAR to MMK Historical Review

YEARLY HIGH

891.7880 MMK

YEARLY LOW

571.3755 MMK

YEARLY AVERAGE

582.2461 MMK

2024 QAR to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 891.7880. Conversely, the yearly low was recorded on June 8, dropping to 571.3755.

This high-to-low spread represents a total annual volatility of 320.4125 MMK. From a start-to-finish perspective, comparing the January average rate of 576.3076 to the December average rate of 575.9283, 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 891.7880 was up 52.85% compared to the 2023 peak of 583.4390, 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 4,458,940 MMK

2023 Average 2,880,725 MMK

Yearly Trough Low 2,856,878 MMK

Transaction Impact: A difference of 1,602,062.34 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

629.5979

570.6725

JanuMarcMayJulySeptNove

QAR to MMK 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 580.3793, compared to 584.1129 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.7336 points.

H1 Avg (Jan–Jun) 580.3793

H2 Avg (Jul–Dec) 584.1129

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 317.1139 MMK (High: 891.7880 / Low: 574.6741). On the other end, September was the most stable month, with a tight range of 1.4590 MMK (High: 576.3660 / Low: 574.9070).

July Spread (Volatile) ±317.1139

September Spread (Stable) ±1.4590

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 48.0943 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -48.0943

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 624.6874) against the same month in 2023 (average: 576.1722), the exchange rate shifted by +48.5152 (+8.42%).

2024 Avg (July) 624.6874

2023 Avg (July) 576.1722

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	577.1026	575.3471	576.3076
February	576.9541	575.3512	576.4438
March	577.7583	574.4330	576.3333
April	577.6909	574.3944	576.2738
May	578.8006	574.1012	576.2320
June	681.3709	571.3755	600.6850
July	891.7880	574.6741	624.6874
August	580.5835	574.7770	576.5932
September	576.3660	574.9070	575.9315
October	576.2945	573.0523	575.5829
November	576.6475	573.7820	575.9539
December	577.8180	574.6561	575.9283