2024 EGP to IQD Historical Review

YEARLY HIGH

42.5920 IQD

YEARLY LOW

25.6401 IQD

YEARLY AVERAGE

29.7940 IQD

2024 EGP to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 42.5920. Conversely, the yearly low was recorded on December 22, dropping to 25.6401.

This high-to-low spread represents a total annual volatility of 16.9519 IQD. From a start-to-finish perspective, comparing the January average rate of 42.4007 to the December average rate of 25.8995, the exchange rate registered a net change of -38.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 42.5920 was down 27.88% compared to the 2023 peak of 59.0610, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 212,960 IQD

2023 Average 221,958 IQD

Yearly Trough Low 128,201 IQD

Transaction Impact: A difference of 84,759.48 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

44.0508

24.2494

JanuMarcMayJulySeptNove

EGP 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 32.8546, compared to 26.7334 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.1213 points.

H1 Avg (Jan–Jun) 32.8546

H2 Avg (Jul–Dec) 26.7334

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 16.0100 IQD (High: 42.4400 / Low: 26.4300). On the other end, February was the most stable month, with a tight range of 0.2151 IQD (High: 42.4686 / Low: 42.2536).

March Spread (Volatile) ±16.0100

February Spread (Stable) ±0.2151

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 12.6029 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -12.6029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 42.4007) against the same month in 2023 (average: 51.2199), the exchange rate shifted by -8.8192 (-17.22%).

2024 Avg (January) 42.4007

2023 Avg (January) 51.2199

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	42.5920	42.2981	42.4007
February	42.4686	42.2536	42.3896
March	42.4400	26.4300	29.7866
April	27.7815	26.9320	27.3938
May	28.1188	27.2505	27.6959
June	27.7906	27.0809	27.4612
July	27.3393	26.9677	27.1835
August	26.9823	26.5260	26.7454
September	27.1324	26.9053	27.0462
October	27.2299	26.7521	26.9794
November	26.8506	26.3537	26.5462
December	26.3449	25.6401	25.8995