2024 BOB to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BOB to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BOB to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 8, valuing the pair at 190.8416. Conversely, the yearly low was recorded on August 3, dropping to 187.9682.
This high-to-low spread represents a total annual volatility of 2.8734 IQD. From a start-to-finish perspective, comparing the January average rate of 189.5724 to the December average rate of 189.5165, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 190.8416 was down 10.48% compared to the 2023 peak of 213.1838, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BOB to IQD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 189.4821, compared to 189.4765 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0056 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 1.9483 IQD (High: 189.9165 / Low: 187.9682). On the other end, July was the most stable month, with a tight range of 0.6302 IQD (High: 189.6908 / Low: 189.0607).
Growth Streaks & Declines
TrendsBetween April and June, 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 March and April, when the average rate fell by 0.2588 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 189.5686) against the same month in 2023 (average: 189.5596), the exchange rate shifted by +0.0091 (+0.00%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 189.7111 | 188.8325 | 189.5724 |
| February | 189.9159 | 188.8703 | 189.5410 |
| March | 189.7645 | 188.7701 | 189.4813 |
| April | 189.6605 | 188.7892 | 189.2226 |
| May | 189.7852 | 188.6085 | 189.5066 |
| June | 190.8416 | 189.1544 | 189.5686 |
| July | 189.6908 | 189.0607 | 189.5566 |
| August | 189.9165 | 187.9682 | 189.4049 |
| September | 190.5365 | 188.8653 | 189.5313 |
| October | 189.6590 | 188.7060 | 189.4333 |
| November | 190.5127 | 188.8949 | 189.4163 |
| December | 189.6451 | 188.8880 | 189.5165 |