2024 EUR to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 EUR to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the EUR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 1467.5405. Conversely, the yearly low was recorded on December 18, dropping to 1355.9209.
This high-to-low spread represents a total annual volatility of 111.6196 IQD. From a start-to-finish perspective, comparing the January average rate of 1428.9563 to the December average rate of 1371.3933, the exchange rate registered a net change of -4.03% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1467.5405 was down 9.73% compared to the 2023 peak of 1625.7286, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
EUR 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 1416.0802, compared to 1418.6540 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5738 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 67.2528 IQD (High: 1432.5319 / Low: 1365.2791). On the other end, May was the most stable month, with a tight range of 22.2571 IQD (High: 1426.2504 / Low: 1403.9933).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 35.3070 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 1441.8653) against the same month in 2023 (average: 1428.8757), the exchange rate shifted by +12.9896 (+0.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1448.7328 | 1413.8573 | 1428.9563 |
| February | 1425.1280 | 1402.8221 | 1414.3352 |
| March | 1434.8255 | 1410.7001 | 1423.2611 |
| April | 1422.5077 | 1390.9561 | 1404.0740 |
| May | 1426.2504 | 1403.9933 | 1415.9364 |
| June | 1427.6684 | 1397.7615 | 1409.9181 |
| July | 1432.5173 | 1405.9707 | 1421.4423 |
| August | 1467.5405 | 1411.6454 | 1441.8653 |
| September | 1466.3308 | 1442.1494 | 1455.7850 |
| October | 1448.7819 | 1412.0917 | 1428.3724 |
| November | 1432.5319 | 1365.2791 | 1393.0654 |
| December | 1387.4045 | 1355.9209 | 1371.3933 |