2024 IQD to MNT Historical Review

YEARLY HIGH

2.6475 MNT

YEARLY LOW

2.5795 MNT

YEARLY AVERAGE

2.6165 MNT

2024 IQD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IQD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on May 18, valuing the pair at 2.6475. Conversely, the yearly low was recorded on November 9, dropping to 2.5795.

This high-to-low spread represents a total annual volatility of 0.0680 MNT. From a start-to-finish perspective, comparing the January average rate of 2.6341 to the December average rate of 2.5948, the exchange rate registered a net change of -1.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.6475 was down 2.21% compared to the 2023 peak of 2.7073, 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 13,238 MNT

2023 Average 12,777 MNT

Yearly Trough Low 12,898 MNT

Transaction Impact: A difference of 339.94 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.6395

2.5882

JanuMarcMayJulySeptNove

IQD to MNT 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 2.6342, compared to 2.5988 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0354 points.

H1 Avg (Jan–Jun) 2.6342

H2 Avg (Jul–Dec) 2.5988

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0483 MNT (High: 2.6412 / Low: 2.5928). On the other end, October was the most stable month, with a tight range of 0.0118 MNT (High: 2.5951 / Low: 2.5833).

July Spread (Volatile) ±0.0483

October Spread (Stable) ±0.0118

Growth Streaks & Declines

Trends

Between October and December, 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 0.0236 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0236

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 2.6348) against the same month in 2023 (average: 2.6693), the exchange rate shifted by -0.0345 (-1.29%).

2024 Avg (May) 2.6348

2023 Avg (May) 2.6693

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6442	2.6283	2.6341
February	2.6392	2.6096	2.6331
March	2.6454	2.6267	2.6352
April	2.6409	2.6270	2.6345
May	2.6475	2.6285	2.6348
June	2.6399	2.6164	2.6334
July	2.6412	2.5928	2.6217
August	2.6175	2.5902	2.5981
September	2.6003	2.5808	2.5933
October	2.5951	2.5833	2.5924
November	2.5988	2.5795	2.5927
December	2.6044	2.5901	2.5948