2024 BGN to IQD Historical Review

YEARLY HIGH

749.6190 IQD

YEARLY LOW

694.4420 IQD

YEARLY AVERAGE

724.6509 IQD

2024 BGN to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 749.6190. Conversely, the yearly low was recorded on December 19, dropping to 694.4420.

This high-to-low spread represents a total annual volatility of 55.1770 IQD. From a start-to-finish perspective, comparing the January average rate of 730.5048 to the December average rate of 701.2799, the exchange rate registered a net change of -4.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 749.6190 was down 9.25% compared to the 2023 peak of 826.0103, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BGN based on timing:

Yearly Peak High 3,748,095 IQD

2023 Average 3,757,876 IQD

Yearly Trough Low 3,472,210 IQD

Transaction Impact: A difference of 275,885.18 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

748.5247

696.9849

JanuMarcMayJulySeptNove

BGN to IQD 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 724.0156, compared to 725.2861 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2705 points.

H1 Avg (Jan–Jun) 724.0156

H2 Avg (Jul–Dec) 725.2861

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 34.0225 IQD (High: 731.8720 / Low: 697.8496). On the other end, February was the most stable month, with a tight range of 11.1259 IQD (High: 729.0120 / Low: 717.8861).

November Spread (Volatile) ±34.0225

February Spread (Stable) ±11.1259

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 18.0772 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -18.0772

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 744.2297) against the same month in 2023 (average: 714.8602), the exchange rate shifted by +29.3695 (+4.11%).

2024 Avg (September) 744.2297

2023 Avg (September) 714.8602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	740.9338	724.2215	730.5048
February	729.0120	717.8861	723.0520
March	733.3287	721.6324	727.6576
April	727.2305	711.3232	718.0633
May	728.7792	714.6717	723.8805
June	729.4459	714.9650	720.9353
July	731.7321	718.8735	726.6267
August	749.0894	721.9622	737.1548
September	749.6190	737.4440	744.2297
October	741.0688	721.7260	730.2514
November	731.8720	697.8496	712.1742
December	709.3210	694.4420	701.2799