2024 HKD to IQD Historical Review

YEARLY HIGH

169.4442 IQD

YEARLY LOW

166.2634 IQD

YEARLY AVERAGE

167.8528 IQD

2024 HKD to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 169.4442. Conversely, the yearly low was recorded on August 3, dropping to 166.2634.

This high-to-low spread represents a total annual volatility of 3.1809 IQD. From a start-to-finish perspective, comparing the January average rate of 167.5584 to the December average rate of 168.4606, the exchange rate registered a net change of 0.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 169.4442 was down 9.74% compared to the 2023 peak of 187.7361, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 4,236,106 IQD

2023 Average 4,338,421 IQD

Yearly Trough Low 4,156,584 IQD

Transaction Impact: A difference of 79,521.81 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

168.8477

167.0818

JanuMarcMayJulySeptNove

HKD 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 167.5021, compared to 168.2034 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7013 points.

H1 Avg (Jan–Jun) 167.5021

H2 Avg (Jul–Dec) 168.2034

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 2.0257 IQD (High: 169.0222 / Low: 166.9966). On the other end, July was the most stable month, with a tight range of 0.6277 IQD (High: 167.8324 / Low: 167.2047).

February Spread (Volatile) ±2.0257

July Spread (Stable) ±0.6277

Growth Streaks & Declines

Trends

Between July and October, 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 0.2412 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2412

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 168.4593) against the same month in 2023 (average: 167.5209), the exchange rate shifted by +0.9383 (+0.56%).

2024 Avg (November) 168.4593

2023 Avg (November) 167.5209

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	168.0666	167.0291	167.5584
February	169.0222	166.9966	167.5128
March	167.9661	166.6747	167.3417
April	167.7590	166.7419	167.2290
May	168.1524	167.0082	167.6343
June	168.8006	167.3185	167.7366
July	167.8324	167.2047	167.6810
August	168.2298	166.2634	167.7416
September	169.1045	167.6272	168.1774
October	169.3594	168.4502	168.7005
November	169.4442	168.0299	168.4593
December	168.9647	167.8131	168.4606