2024 CAD to IQD Historical Review

YEARLY HIGH

991.1080 IQD

YEARLY LOW

905.8449 IQD

YEARLY AVERAGE

956.0323 IQD

2024 CAD to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 991.1080. Conversely, the yearly low was recorded on December 18, dropping to 905.8449.

This high-to-low spread represents a total annual volatility of 85.2631 IQD. From a start-to-finish perspective, comparing the January average rate of 976.1170 to the December average rate of 918.3085, the exchange rate registered a net change of -5.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 991.1080 was down 9.85% compared to the 2023 peak of 1099.4091, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,955,540 IQD

2023 Average 5,032,349 IQD

Yearly Trough Low 4,529,224 IQD

Transaction Impact: A difference of 426,315.47 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

981.8978

912.5276

JanuMarcMayJulySeptNove

CAD 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 964.1822, compared to 947.8823 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 16.2999 points.

H1 Avg (Jan–Jun) 964.1822

H2 Avg (Jul–Dec) 947.8823

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 38.5282 IQD (High: 974.1168 / Low: 935.5886). On the other end, May was the most stable month, with a tight range of 9.4231 IQD (High: 963.2874 / Low: 953.8643).

August Spread (Volatile) ±38.5282

May Spread (Stable) ±9.4231

Growth Streaks & Declines

Trends

Between July and September, 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 November and December, when the average rate fell by 19.0150 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -19.0150

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 976.1170) against the same month in 2023 (average: 1087.7228), the exchange rate shifted by -111.6059 (-10.26%).

2024 Avg (January) 976.1170

2023 Avg (January) 1087.7228

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	991.1080	968.5234	976.1170
February	981.4134	962.7631	970.9270
March	972.8566	957.1425	966.8662
April	968.2320	947.5217	957.2777
May	963.2874	953.8643	958.0457
June	961.2928	950.1941	955.8597
July	962.3605	945.6352	954.8358
August	974.1168	935.5886	957.0654
September	976.4598	962.7263	967.1407
October	970.3226	939.7325	952.6198
November	947.0030	929.4656	937.3235
December	934.8049	905.8449	918.3085