2024 QAR to XOF Historical Review

YEARLY HIGH

173.8223 XOF

YEARLY LOW

160.8295 XOF

YEARLY AVERAGE

166.4392 XOF

2024 QAR to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 173.8223. Conversely, the yearly low was recorded on August 23, dropping to 160.8295.

This high-to-low spread represents a total annual volatility of 12.9928 XOF. From a start-to-finish perspective, comparing the January average rate of 165.0318 to the December average rate of 171.9568, the exchange rate registered a net change of 4.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 173.8223 was up 1.01% compared to the 2023 peak of 172.0794, 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 869,111 XOF

2023 Average 831,895 XOF

Yearly Trough Low 804,148 XOF

Transaction Impact: A difference of 64,963.93 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

172.9447

161.0893

JanuMarcMayJulySeptNove

QAR to XOF 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 166.5416, compared to 166.3368 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2048 points.

H1 Avg (Jan–Jun) 166.5416

H2 Avg (Jul–Dec) 166.3368

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 8.2022 XOF (High: 172.9489 / Low: 164.7466). On the other end, March was the most stable month, with a tight range of 2.4256 XOF (High: 166.9222 / Low: 164.4965).

November Spread (Volatile) ±8.2022

March Spread (Stable) ±2.4256

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 2.3066 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.3066

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 171.9568) against the same month in 2023 (average: 164.7802), the exchange rate shifted by +7.1765 (+4.36%).

2024 Avg (December) 171.9568

2023 Avg (December) 164.7802

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	166.7674	162.5525	165.0318
February	168.2388	165.2400	166.7776
March	166.9222	164.4965	165.6932
April	169.5886	165.7874	167.9660
May	168.0271	165.1754	166.5084
June	168.6124	165.1618	167.2729
July	167.8084	164.6085	165.8466
August	166.9550	160.8295	163.5400
September	163.6058	160.9467	162.0773
October	167.0865	162.8144	165.1489
November	172.9489	164.7466	169.4516
December	173.8223	170.0086	171.9568