YEARLY HIGH
6166.0845 STD
YEARLY LOW
6050.6065 STD
YEARLY AVERAGE
6116.6106 STD

2024 QAR to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 6166.0845. Conversely, the yearly low was recorded on February 4, dropping to 6050.6065.

This high-to-low spread represents a total annual volatility of 115.4781 STD. From a start-to-finish perspective, comparing the January average rate of 6116.0291 to the December average rate of 6116.6442, the exchange rate registered a net change of 0.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 6166.0845 was down 2.77% compared to the 2023 peak of 6341.7061, 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 30,830,423 STD
2023 Average 31,003,098 STD
Yearly Trough Low 30,253,032 STD
Transaction Impact: A difference of 577,390.25 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6124.7781
6111.9028
JanuMarcMayJulySeptNove

QAR to STD 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 6116.2665, compared to 6116.9548 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6882 points.

H1 Avg (Jan–Jun) 6116.2665
H2 Avg (Jul–Dec) 6116.9548

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 69.9264 STD (High: 6120.5329 / Low: 6050.6065). On the other end, September was the most stable month, with a tight range of 15.4958 STD (High: 6121.2929 / Low: 6105.7971).

February Spread (Volatile) ±69.9264
September Spread (Stable) ±15.4958

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 7.0271 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -7.0271

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 6123.7051) against the same month in 2023 (average: 6114.4823), the exchange rate shifted by +9.2229 (+0.15%).

2024 Avg (August) 6123.7051
2023 Avg (August) 6114.4823

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6121.8344 6094.0325 6116.0291
February 6120.5329 6050.6065 6115.2661
March 6133.9026 6104.8252 6118.5111
April 6124.9847 6095.7814 6116.9951
May 6141.7562 6095.3545 6116.0241
June 6124.4392 6068.4646 6114.7736
July 6122.8993 6103.3235 6114.8098
August 6166.0845 6104.4171 6123.7051
September 6121.2929 6105.7971 6116.6781
October 6120.5329 6086.0993 6112.9757
November 6124.2827 6093.8492 6116.9156
December 6136.7137 6103.1330 6116.6442