2024 TRY to QAR Historical Review

YEARLY HIGH

0.1237 QAR

YEARLY LOW

0.1030 QAR

YEARLY AVERAGE

0.1110 QAR

2024 TRY to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1237. Conversely, the yearly low was recorded on December 26, dropping to 0.1030.

This high-to-low spread represents a total annual volatility of 0.0207 QAR. From a start-to-finish perspective, comparing the January average rate of 0.1211 to the December average rate of 0.1041, the exchange rate registered a net change of -14.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1237 was down 36.75% compared to the 2023 peak of 0.1956, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 6,187 QAR

2023 Average 7,894 QAR

Yearly Trough Low 5,152 QAR

Transaction Impact: A difference of 1,034.41 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1228

0.1024

JanuMarcMayJulySeptNove

TRY to QAR 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 0.1150, compared to 0.1070 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 0.1150

H2 Avg (Jul–Dec) 0.1070

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0040 QAR (High: 0.1204 / Low: 0.1164). On the other end, October was the most stable month, with a tight range of 0.0007 QAR (High: 0.1069 / Low: 0.1062).

February Spread (Volatile) ±0.0040

October Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0047 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1211) against the same month in 2023 (average: 0.1940), the exchange rate shifted by -0.0730 (-37.60%).

2024 Avg (January) 0.1211

2023 Avg (January) 0.1940

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1237	0.1199	0.1211
February	0.1204	0.1164	0.1183
March	0.1160	0.1122	0.1136
April	0.1140	0.1116	0.1126
May	0.1135	0.1122	0.1129
June	0.1134	0.1105	0.1118
July	0.1119	0.1098	0.1107
August	0.1098	0.1066	0.1080
September	0.1075	0.1064	0.1069
October	0.1069	0.1062	0.1064
November	0.1065	0.1049	0.1057
December	0.1051	0.1030	0.1041