2024 COP to IQD Historical Review

YEARLY HIGH

0.3478 IQD

YEARLY LOW

0.2913 IQD

YEARLY AVERAGE

0.3224 IQD

2024 COP to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the COP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 0.3478. Conversely, the yearly low was recorded on November 15, dropping to 0.2913.

This high-to-low spread represents a total annual volatility of 0.0566 IQD. From a start-to-finish perspective, comparing the January average rate of 0.3342 to the December average rate of 0.2982, the exchange rate registered a net change of -10.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3478 was up 1.95% compared to the 2023 peak of 0.3412, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,739,202 IQD

2023 Average 1,575,045 IQD

Yearly Trough Low 1,456,426 IQD

Transaction Impact: A difference of 282,776.54 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3430

0.2934

JanuMarcMayJulySeptNove

COP 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 0.3341, compared to 0.3106 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0235 points.

H1 Avg (Jan–Jun) 0.3341

H2 Avg (Jul–Dec) 0.3106

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0265 IQD (High: 0.3402 / Low: 0.3137). On the other end, February was the most stable month, with a tight range of 0.0065 IQD (High: 0.3368 / Low: 0.3303).

June Spread (Volatile) ±0.0265

February Spread (Stable) ±0.0065

Growth Streaks & Declines

Trends

Between February and April, 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 May and June, when the average rate fell by 0.0155 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0155

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.3389) against the same month in 2023 (average: 0.3201), the exchange rate shifted by +0.0188 (+5.89%).

2024 Avg (April) 0.3389

2023 Avg (April) 0.3201

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3376	0.3302	0.3342
February	0.3368	0.3303	0.3336
March	0.3408	0.3323	0.3359
April	0.3478	0.3312	0.3389
May	0.3441	0.3354	0.3389
June	0.3402	0.3137	0.3234
July	0.3320	0.3163	0.3243
August	0.3277	0.3159	0.3225
September	0.3172	0.3050	0.3132
October	0.3158	0.2968	0.3079
November	0.3044	0.2913	0.2975
December	0.3040	0.2934	0.2982