2024 GNF to IQD Historical Review

YEARLY HIGH

0.1534 IQD

YEARLY LOW

0.1506 IQD

YEARLY AVERAGE

0.1521 IQD

2024 GNF to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GNF to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 8, valuing the pair at 0.1534. Conversely, the yearly low was recorded on August 24, dropping to 0.1506.

This high-to-low spread represents a total annual volatility of 0.0028 IQD. From a start-to-finish perspective, comparing the January average rate of 0.1524 to the December average rate of 0.1517, the exchange rate registered a net change of -0.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1534 was down 10.66% compared to the 2023 peak of 0.1717, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 767 IQD

2023 Average 788 IQD

Yearly Trough Low 753 IQD

Transaction Impact: A difference of 14.18 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1525

0.1516

JanuMarcMayJulySeptNove

GNF 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 0.1524, compared to 0.1518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.1524

H2 Avg (Jul–Dec) 0.1518

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0016 IQD (High: 0.1529 / Low: 0.1513). On the other end, December was the most stable month, with a tight range of 0.0004 IQD (High: 0.1520 / Low: 0.1516).

February Spread (Volatile) ±0.0016

December Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0003 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.1523) against the same month in 2023 (average: 0.1518), the exchange rate shifted by +0.0004 (+0.28%).

2024 Avg (June) 0.1523

2023 Avg (June) 0.1518

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1527	0.1518	0.1524
February	0.1529	0.1513	0.1523
March	0.1526	0.1517	0.1524
April	0.1529	0.1520	0.1524
May	0.1524	0.1516	0.1524
June	0.1534	0.1520	0.1523
July	0.1524	0.1515	0.1521
August	0.1520	0.1506	0.1518
September	0.1525	0.1514	0.1516
October	0.1519	0.1509	0.1517
November	0.1524	0.1518	0.1519
December	0.1520	0.1516	0.1517