2024 QAR to NOK Historical Review

YEARLY HIGH

3.1391 NOK

YEARLY LOW

2.7856 NOK

YEARLY AVERAGE

2.9520 NOK

2024 QAR to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 3.1391. Conversely, the yearly low was recorded on January 1, dropping to 2.7856.

This high-to-low spread represents a total annual volatility of 0.3535 NOK. From a start-to-finish perspective, comparing the January average rate of 2.8546 to the December average rate of 3.0831, the exchange rate registered a net change of 8.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.1391 was up 1.84% compared to the 2023 peak of 3.0824, 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 15,695 NOK

2023 Average 14,495 NOK

Yearly Trough Low 13,928 NOK

Transaction Impact: A difference of 1,767.37 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.1060

2.8317

JanuMarcMayJulySeptNove

QAR to NOK 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 2.9203, compared to 2.9837 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0634 points.

H1 Avg (Jan–Jun) 2.9203

H2 Avg (Jul–Dec) 2.9837

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.1566 NOK (High: 3.0297 / Low: 2.8731). On the other end, February was the most stable month, with a tight range of 0.0655 NOK (High: 2.9320 / Low: 2.8665).

August Spread (Volatile) ±0.1566

February Spread (Stable) ±0.0655

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 April and May, when the average rate fell by 0.0463 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0463

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 3.0831) against the same month in 2023 (average: 2.8855), the exchange rate shifted by +0.1976 (+6.85%).

2024 Avg (December) 3.0831

2023 Avg (December) 2.8855

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8899	2.7856	2.8546
February	2.9320	2.8665	2.8956
March	2.9798	2.8583	2.9153
April	3.0517	2.9291	2.9946
May	3.0295	2.8757	2.9483
June	2.9406	2.8701	2.9132
July	3.0279	2.8940	2.9630
August	3.0297	2.8731	2.9404
September	2.9820	2.8541	2.9124
October	3.0199	2.9038	2.9701
November	3.0636	2.9859	3.0332
December	3.1391	3.0303	3.0831