2024 FKP to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 FKP to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the FKP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 1759.2737. Conversely, the yearly low was recorded on April 20, dropping to 1616.8191.
This high-to-low spread represents a total annual volatility of 142.4546 IQD. From a start-to-finish perspective, comparing the January average rate of 1664.4261 to the December average rate of 1654.5542, the exchange rate registered a net change of -0.59% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1759.2737 was down 4.24% compared to the 2023 peak of 1837.1350, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
FKP 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 1656.7769, compared to 1691.0563 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 34.2793 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 75.2339 IQD (High: 1736.4009 / Low: 1661.1669). On the other end, January was the most stable month, with a tight range of 20.3558 IQD (High: 1674.3218 / Low: 1653.9660).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 38.9989 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 1732.2872) against the same month in 2023 (average: 1622.1812), the exchange rate shifted by +110.1060 (+6.79%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1674.3218 | 1653.9660 | 1664.4261 |
| February | 1669.7619 | 1643.7823 | 1654.9805 |
| March | 1684.3978 | 1643.3648 | 1663.7040 |
| April | 1660.6995 | 1616.8191 | 1638.2521 |
| May | 1674.6278 | 1636.8405 | 1654.6390 |
| June | 1678.3182 | 1652.9082 | 1664.6600 |
| July | 1703.3597 | 1655.8699 | 1685.3691 |
| August | 1736.4009 | 1661.1669 | 1693.2885 |
| September | 1759.2737 | 1707.7582 | 1732.2872 |
| October | 1738.1125 | 1688.9649 | 1709.9188 |
| November | 1708.8221 | 1642.0557 | 1670.9199 |
| December | 1674.5741 | 1637.4836 | 1654.5542 |