2024 QAR to SYP Historical Review

YEARLY HIGH

3580.9294 SYP

YEARLY LOW

682.2757 SYP

YEARLY AVERAGE

774.9261 SYP

2024 QAR to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 3580.9294. Conversely, the yearly low was recorded on February 4, dropping to 682.2757.

This high-to-low spread represents a total annual volatility of 2898.6537 SYP. From a start-to-finish perspective, comparing the January average rate of 689.6528 to the December average rate of 1712.2148, the exchange rate registered a net change of 148.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3580.9294 was up 412.94% compared to the 2023 peak of 698.1131, 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 17,904,647 SYP

2023 Average 3,448,151 SYP

Yearly Trough Low 3,411,378 SYP

Transaction Impact: A difference of 14,493,268.40 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1814.5054

587.0179

JanuMarcMayJulySeptNove

QAR to SYP 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 689.6796, compared to 860.1727 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 170.4930 points.

H1 Avg (Jan–Jun) 689.6796

H2 Avg (Jul–Dec) 860.1727

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 2892.7307 SYP (High: 3580.9294 / Low: 688.1987). On the other end, September was the most stable month, with a tight range of 1.7473 SYP (High: 690.2464 / Low: 688.4991).

December Spread (Volatile) ±2892.7307

September Spread (Stable) ±1.7473

Growth Streaks & Declines

Trends

Between June and August, 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 August and September, when the average rate fell by 0.7924 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7924

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 1712.2148) against the same month in 2023 (average: 689.3790), the exchange rate shifted by +1022.8358 (+148.37%).

2024 Avg (December) 1712.2148

2023 Avg (December) 689.3790

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	690.3075	687.1725	689.6528
February	690.1607	682.2757	689.5668
March	691.6683	688.3895	689.9327
April	690.6627	687.3697	689.7618
May	692.5539	687.3215	689.6523
June	690.6012	684.2894	689.5113
July	690.4275	688.2201	689.5153
August	695.2972	688.3435	690.5184
September	690.2464	688.4991	689.7260
October	690.1607	686.2779	689.3085
November	690.5835	687.1518	689.7528
December	3580.9294	688.1987	1712.2148