2024 IQD to GEL Historical Review

YEARLY HIGH

0.0022 GEL

YEARLY LOW

0.0020 GEL

YEARLY AVERAGE

0.0021 GEL

2024 IQD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IQD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 15, valuing the pair at 0.0022. Conversely, the yearly low was recorded on February 18, dropping to 0.0020.

This high-to-low spread represents a total annual volatility of 0.0002 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0020 to the December average rate of 0.0021, the exchange rate registered a net change of 5.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0022 was up 5.10% compared to the 2023 peak of 0.0021, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11 GEL

2023 Average 10 GEL

Yearly Trough Low 10 GEL

Transaction Impact: A difference of 0.92 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0022

0.0020

JanuMarcMayJulySeptNove

IQD to GEL 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 0.0021, compared to 0.0021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0021

H2 Avg (Jul–Dec) 0.0021

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0001 GEL (High: 0.0022 / Low: 0.0020). On the other end, February was the most stable month, with a tight range of 0.0000 GEL (High: 0.0020 / Low: 0.0020).

May Spread (Volatile) ±0.0001

February Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0001 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.0022) against the same month in 2023 (average: 0.0020), the exchange rate shifted by +0.0002 (+7.90%).

2024 Avg (June) 0.0022

2023 Avg (June) 0.0020

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0021	0.0020	0.0020
February	0.0020	0.0020	0.0020
March	0.0021	0.0020	0.0020
April	0.0021	0.0020	0.0020
May	0.0022	0.0020	0.0021
June	0.0022	0.0021	0.0022
July	0.0021	0.0021	0.0021
August	0.0021	0.0020	0.0021
September	0.0021	0.0020	0.0021
October	0.0021	0.0021	0.0021
November	0.0022	0.0021	0.0021
December	0.0022	0.0021	0.0021