2024 IQD to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 IQD to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the IQD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 9.9652. Conversely, the yearly low was recorded on February 4, dropping to 1.9005.
This high-to-low spread represents a total annual volatility of 8.0647 SYP. From a start-to-finish perspective, comparing the January average rate of 1.9184 to the December average rate of 4.7622, the exchange rate registered a net change of 148.24% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 9.9652 was up 415.33% compared to the 2023 peak of 1.9338, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 IQD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
IQD to SYP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.9184, compared to 2.3922 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4738 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 8.0500 SYP (High: 9.9652 / Low: 1.9152). On the other end, July was the most stable month, with a tight range of 0.0072 SYP (High: 1.9235 / Low: 1.9163).
Growth Streaks & Declines
TrendsBetween June and August, 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 August and September, when the average rate fell by 0.0036 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 4.7622) against the same month in 2023 (average: 1.9170), the exchange rate shifted by +2.8452 (+148.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.9257 | 1.9141 | 1.9184 |
| February | 1.9220 | 1.9005 | 1.9176 |
| March | 1.9266 | 1.9130 | 1.9191 |
| April | 1.9233 | 1.9132 | 1.9186 |
| May | 1.9281 | 1.9142 | 1.9188 |
| June | 1.9226 | 1.9054 | 1.9179 |
| July | 1.9235 | 1.9163 | 1.9186 |
| August | 1.9354 | 1.9152 | 1.9211 |
| September | 1.9227 | 1.9083 | 1.9175 |
| October | 1.9189 | 1.9101 | 1.9169 |
| November | 1.9216 | 1.9073 | 1.9170 |
| December | 9.9652 | 1.9152 | 4.7622 |