2024 ZAR to QAR Historical Review

YEARLY HIGH

0.2129 QAR

YEARLY LOW

0.1886 QAR

YEARLY AVERAGE

0.1989 QAR

2024 ZAR to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.2129. Conversely, the yearly low was recorded on February 25, dropping to 0.1886.

This high-to-low spread represents a total annual volatility of 0.0244 QAR. From a start-to-finish perspective, comparing the January average rate of 0.1943 to the December average rate of 0.1998, the exchange rate registered a net change of 2.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2129 was down 2.06% compared to the 2023 peak of 0.2174, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,647 QAR

2023 Average 9,884 QAR

Yearly Trough Low 9,429 QAR

Transaction Impact: A difference of 1,217.99 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2090

0.1900

JanuMarcMayJulySeptNove

ZAR 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 0.1946, compared to 0.2031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.1946

H2 Avg (Jul–Dec) 0.2031

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0131 QAR (High: 0.2057 / Low: 0.1926). On the other end, March was the most stable month, with a tight range of 0.0055 QAR (High: 0.1961 / Low: 0.1906).

December Spread (Volatile) ±0.0131

March Spread (Stable) ±0.0055

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0046 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.2071) against the same month in 2023 (average: 0.1920), the exchange rate shifted by +0.0151 (+7.85%).

2024 Avg (September) 0.2071

2023 Avg (September) 0.1920

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1995	0.1896	0.1943
February	0.1959	0.1886	0.1916
March	0.1961	0.1906	0.1931
April	0.1975	0.1887	0.1929
May	0.2016	0.1937	0.1979
June	0.2031	0.1920	0.1980
July	0.2028	0.1959	0.1999
August	0.2057	0.1944	0.2015
September	0.2129	0.2028	0.2071
October	0.2105	0.2047	0.2074
November	0.2104	0.1991	0.2029
December	0.2057	0.1926	0.1998