2024 IQD to GHS Historical Review

YEARLY HIGH

0.0125 GHS

YEARLY LOW

0.0091 GHS

YEARLY AVERAGE

0.0111 GHS

2024 IQD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IQD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 0.0125. Conversely, the yearly low was recorded on January 9, dropping to 0.0091.

This high-to-low spread represents a total annual volatility of 0.0034 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0092 to the December average rate of 0.0113, the exchange rate registered a net change of 22.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0125 was up 36.28% compared to the 2023 peak of 0.0092, 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 63 GHS

2023 Average 43 GHS

Yearly Trough Low 45 GHS

Transaction Impact: A difference of 17.17 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0125

0.0089

JanuMarcMayJulySeptNove

IQD to GHS 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 0.0102, compared to 0.0119 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0102

H2 Avg (Jul–Dec) 0.0119

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0008 GHS (High: 0.0113 / Low: 0.0105). On the other end, September was the most stable month, with a tight range of 0.0001 GHS (High: 0.0120 / Low: 0.0119).

May Spread (Volatile) ±0.0008

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0009 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0122) against the same month in 2023 (average: 0.0091), the exchange rate shifted by +0.0031 (+34.00%).

2024 Avg (November) 0.0122

2023 Avg (November) 0.0091

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0094	0.0091	0.0092
February	0.0097	0.0094	0.0095
March	0.0101	0.0097	0.0099
April	0.0104	0.0101	0.0103
May	0.0113	0.0105	0.0109
June	0.0116	0.0113	0.0115
July	0.0119	0.0117	0.0118
August	0.0120	0.0119	0.0119
September	0.0120	0.0119	0.0120
October	0.0124	0.0121	0.0122
November	0.0125	0.0117	0.0122
December	0.0117	0.0112	0.0113