2024 ETB to IQD Historical Review

YEARLY HIGH

23.3730 IQD

YEARLY LOW

10.2417 IQD

YEARLY AVERAGE

18.0620 IQD

2024 ETB to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 23.3730. Conversely, the yearly low was recorded on December 31, dropping to 10.2417.

This high-to-low spread represents a total annual volatility of 13.1313 IQD. From a start-to-finish perspective, comparing the January average rate of 23.2121 to the December average rate of 10.3412, the exchange rate registered a net change of -55.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 23.3730 was down 14.83% compared to the 2023 peak of 27.4413, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 116,865 IQD

2023 Average 124,197 IQD

Yearly Trough Low 51,208 IQD

Transaction Impact: A difference of 65,656.74 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

24.4992

9.0541

JanuMarcMayJulySeptNove

ETB 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 23.0108, compared to 13.1132 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.8976 points.

H1 Avg (Jan–Jun) 23.0108

H2 Avg (Jul–Dec) 13.1132

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 5.4871 IQD (High: 22.8515 / Low: 17.3644). On the other end, March was the most stable month, with a tight range of 0.1977 IQD (High: 23.1858 / Low: 22.9881).

July Spread (Volatile) ±5.4871

March Spread (Stable) ±0.1977

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 July and August, when the average rate fell by 9.6616 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -9.6616

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 23.2121) against the same month in 2023 (average: 27.2146), the exchange rate shifted by -4.0025 (-14.71%).

2024 Avg (January) 23.2121

2023 Avg (January) 27.2146

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.3730	23.1510	23.2121
February	23.3079	23.0816	23.1389
March	23.1858	22.9881	23.0770
April	23.1103	22.8270	23.0138
May	22.9959	22.7498	22.8403
June	22.9722	22.6892	22.7824
July	22.8515	17.3644	22.5317
August	16.6053	11.6189	12.8701
September	11.8743	10.9360	11.3548
October	11.0624	10.7359	10.8899
November	10.9077	10.3643	10.6916
December	10.5387	10.2417	10.3412