2024 DOP to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 DOP to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the DOP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 22.5905. Conversely, the yearly low was recorded on December 31, dropping to 21.4400.
This high-to-low spread represents a total annual volatility of 1.1505 IQD. From a start-to-finish perspective, comparing the January average rate of 22.3518 to the December average rate of 21.5765, the exchange rate registered a net change of -3.47% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 22.5905 was down 16.41% compared to the 2023 peak of 27.0266, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
DOP 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 22.2553, compared to 21.8231 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4322 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 0.4643 IQD (High: 22.5740 / Low: 22.1097). On the other end, November was the most stable month, with a tight range of 0.1206 IQD (High: 21.7824 / Low: 21.6618).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.2842 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 22.3518) against the same month in 2023 (average: 25.7948), the exchange rate shifted by -3.4431 (-13.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.5905 | 22.1953 | 22.3518 |
| February | 22.4294 | 22.2222 | 22.3214 |
| March | 22.3264 | 22.0725 | 22.1870 |
| April | 22.3948 | 22.0152 | 22.1652 |
| May | 22.5740 | 22.1097 | 22.3952 |
| June | 22.2112 | 21.8517 | 22.1110 |
| July | 22.2000 | 22.0776 | 22.1396 |
| August | 22.0290 | 21.7240 | 21.9431 |
| September | 21.9617 | 21.6798 | 21.8357 |
| October | 21.7865 | 21.6384 | 21.7254 |
| November | 21.7824 | 21.6618 | 21.7184 |
| December | 21.6936 | 21.4400 | 21.5765 |