2024 BIF to IQD Historical Review

YEARLY HIGH

0.4605 IQD

YEARLY LOW

0.4430 IQD

YEARLY AVERAGE

0.4541 IQD

2024 BIF to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BIF to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.4605. Conversely, the yearly low was recorded on December 31, dropping to 0.4430.

This high-to-low spread represents a total annual volatility of 0.0175 IQD. From a start-to-finish perspective, comparing the January average rate of 0.4590 to the December average rate of 0.4443, the exchange rate registered a net change of -3.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4605 was down 35.26% compared to the 2023 peak of 0.7113, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,302 IQD

2023 Average 2,747 IQD

Yearly Trough Low 2,215 IQD

Transaction Impact: A difference of 87.51 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4605

0.4428

JanuMarcMayJulySeptNove

BIF 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 0.4573, compared to 0.4510 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0063 points.

H1 Avg (Jan–Jun) 0.4573

H2 Avg (Jul–Dec) 0.4510

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0108 IQD (High: 0.4542 / Low: 0.4434). On the other end, July was the most stable month, with a tight range of 0.0016 IQD (High: 0.4557 / Low: 0.4541).

November Spread (Volatile) ±0.0108

July Spread (Stable) ±0.0016

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 November and December, when the average rate fell by 0.0044 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.4582) against the same month in 2023 (average: 0.7041), the exchange rate shifted by -0.2460 (-34.93%).

2024 Avg (February) 0.4582

2023 Avg (February) 0.7041

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4598	0.4565	0.4590
February	0.4605	0.4559	0.4582
March	0.4587	0.4554	0.4576
April	0.4578	0.4556	0.4570
May	0.4573	0.4531	0.4563
June	0.4582	0.4515	0.4555
July	0.4557	0.4541	0.4549
August	0.4552	0.4511	0.4540
September	0.4544	0.4518	0.4528
October	0.4530	0.4441	0.4512
November	0.4542	0.4434	0.4487
December	0.4526	0.4430	0.4443