2024 QAR to SGD Historical Review

YEARLY HIGH

0.3749 SGD

YEARLY LOW

0.3515 SGD

YEARLY AVERAGE

0.3669 SGD

2024 QAR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.3749. Conversely, the yearly low was recorded on September 28, dropping to 0.3515.

This high-to-low spread represents a total annual volatility of 0.0233 SGD. From a start-to-finish perspective, comparing the January average rate of 0.3667 to the December average rate of 0.3709, the exchange rate registered a net change of 1.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3749 was down 0.64% compared to the 2023 peak of 0.3773, 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 1,874 SGD

2023 Average 1,843 SGD

Yearly Trough Low 1,758 SGD

Transaction Impact: A difference of 116.59 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3743

0.3540

JanuMarcMayJulySeptNove

QAR to SGD 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 0.3698, compared to 0.3640 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0058 points.

H1 Avg (Jan–Jun) 0.3698

H2 Avg (Jul–Dec) 0.3640

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0099 SGD (High: 0.3673 / Low: 0.3573). On the other end, May was the most stable month, with a tight range of 0.0051 SGD (High: 0.3735 / Low: 0.3684).

August Spread (Volatile) ±0.0099

May Spread (Stable) ±0.0051

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 July and August, when the average rate fell by 0.0078 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0078

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.3709) against the same month in 2023 (average: 0.3653), the exchange rate shifted by +0.0056 (+1.53%).

2024 Avg (December) 0.3709

2023 Avg (December) 0.3653

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3691	0.3610	0.3667
February	0.3711	0.3648	0.3692
March	0.3713	0.3654	0.3683
April	0.3747	0.3691	0.3726
May	0.3735	0.3684	0.3708
June	0.3731	0.3679	0.3712
July	0.3730	0.3669	0.3693
August	0.3673	0.3573	0.3615
September	0.3588	0.3515	0.3557
October	0.3635	0.3538	0.3596
November	0.3705	0.3607	0.3668
December	0.3749	0.3671	0.3709