2024 QAR to SAR Historical Review

YEARLY HIGH

1.0388 SAR

YEARLY LOW

1.0183 SAR

YEARLY AVERAGE

1.0300 SAR

2024 QAR to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 1.0388. Conversely, the yearly low was recorded on February 4, dropping to 1.0183.

This high-to-low spread represents a total annual volatility of 0.0205 SAR. From a start-to-finish perspective, comparing the January average rate of 1.0294 to the December average rate of 1.0312, the exchange rate registered a net change of 0.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0388 was down 0.32% compared to the 2023 peak of 1.0422, 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 5,194 SAR

2023 Average 5,149 SAR

Yearly Trough Low 5,092 SAR

Transaction Impact: A difference of 102.48 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0315

1.0290

JanuMarcMayJulySeptNove

QAR to SAR 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 1.0295, compared to 1.0305 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 1.0295

H2 Avg (Jul–Dec) 1.0305

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0119 SAR (High: 1.0302 / Low: 1.0183). On the other end, September was the most stable month, with a tight range of 0.0024 SAR (High: 1.0311 / Low: 1.0287).

February Spread (Volatile) ±0.0119

September Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 1.0313) against the same month in 2023 (average: 1.0294), the exchange rate shifted by +0.0019 (+0.18%).

2024 Avg (August) 1.0313

2023 Avg (August) 1.0294

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0304	1.0256	1.0294
February	1.0302	1.0183	1.0292
March	1.0325	1.0275	1.0298
April	1.0312	1.0257	1.0297
May	1.0337	1.0260	1.0295
June	1.0313	1.0215	1.0294
July	1.0307	1.0276	1.0294
August	1.0388	1.0280	1.0313
September	1.0311	1.0287	1.0301
October	1.0318	1.0260	1.0303
November	1.0326	1.0273	1.0310
December	1.0345	1.0289	1.0312