2024 GMD to IQD Historical Review

YEARLY HIGH

19.6076 IQD

YEARLY LOW

18.1222 IQD

YEARLY AVERAGE

19.0426 IQD

2024 GMD to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 19.6076. Conversely, the yearly low was recorded on December 22, dropping to 18.1222.

This high-to-low spread represents a total annual volatility of 1.4854 IQD. From a start-to-finish perspective, comparing the January average rate of 19.4635 to the December average rate of 18.2363, the exchange rate registered a net change of -6.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 19.6076 was down 19.54% compared to the 2023 peak of 24.3703, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 98,038 IQD

2023 Average 109,287 IQD

Yearly Trough Low 90,611 IQD

Transaction Impact: A difference of 7,426.92 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

19.5863

18.1136

JanuMarcMayJulySeptNove

GMD 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 19.3433, compared to 18.7418 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6015 points.

H1 Avg (Jan–Jun) 19.3433

H2 Avg (Jul–Dec) 18.7418

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.8336 IQD (High: 19.4131 / Low: 18.5795). On the other end, January was the most stable month, with a tight range of 0.0918 IQD (High: 19.4998 / Low: 19.4080).

October Spread (Volatile) ±0.8336

January Spread (Stable) ±0.0918

Growth Streaks & Declines

Trends

Between March and June, 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 July and August, when the average rate fell by 0.5783 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5783

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 19.3817) against the same month in 2023 (average: 23.8919), the exchange rate shifted by -4.5102 (-18.88%).

2024 Avg (February) 19.3817

2023 Avg (February) 23.8919

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.4998	19.4080	19.4635
February	19.6076	19.2522	19.3817
March	19.3363	19.1940	19.2725
April	19.3358	19.2258	19.2880
May	19.3734	19.2119	19.3210
June	19.4556	19.2893	19.3330
July	19.3527	18.8448	19.3067
August	18.9886	18.4474	18.7284
September	19.2212	18.4478	18.8379
October	19.4131	18.5795	18.9208
November	18.5852	18.3034	18.4209
December	18.4581	18.1222	18.2363