2024 CNY to IQD Historical Review

YEARLY HIGH

187.2467 IQD

YEARLY LOW

178.8195 IQD

YEARLY AVERAGE

182.4957 IQD

2024 CNY to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CNY to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 187.2467. Conversely, the yearly low was recorded on December 22, dropping to 178.8195.

This high-to-low spread represents a total annual volatility of 8.4272 IQD. From a start-to-finish perspective, comparing the January average rate of 184.1960 to the December average rate of 179.8475, the exchange rate registered a net change of -2.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 187.2467 was down 14.03% compared to the 2023 peak of 217.8129, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 4,681,167 IQD

2023 Average 4,810,303 IQD

Yearly Trough Low 4,470,488 IQD

Transaction Impact: A difference of 210,679.72 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

185.7601

179.3100

JanuMarcMayJulySeptNove

CNY 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 182.4357, compared to 182.5558 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1202 points.

H1 Avg (Jan–Jun) 182.4357

H2 Avg (Jul–Dec) 182.5558

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 5.2659 IQD (High: 185.2937 / Low: 180.0278). On the other end, December was the most stable month, with a tight range of 1.9203 IQD (High: 180.7398 / Low: 178.8195).

June Spread (Volatile) ±5.2659

December Spread (Stable) ±1.9203

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 October and November, when the average rate fell by 2.9958 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.9958

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 184.8879) against the same month in 2023 (average: 179.9681), the exchange rate shifted by +4.9198 (+2.73%).

2024 Avg (October) 184.8879

2023 Avg (October) 179.9681

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	185.4405	182.0989	184.1960
February	185.6122	181.6346	183.0539
March	183.7198	180.4159	181.9168
April	184.6317	180.4805	181.1711
May	185.1236	180.4057	182.7220
June	185.2937	180.0278	181.5540
July	183.5166	179.7563	180.4629
August	184.9517	180.6670	183.0219
September	187.2027	183.7249	185.2226
October	187.2467	183.7111	184.8879
November	184.6108	180.5020	181.8921
December	180.7398	178.8195	179.8475