2024 IQD to TRY Historical Review

YEARLY HIGH

0.0270 TRY

YEARLY LOW

0.0225 TRY

YEARLY AVERAGE

0.0251 TRY

2024 IQD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IQD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0270. Conversely, the yearly low was recorded on January 1, dropping to 0.0225.

This high-to-low spread represents a total annual volatility of 0.0045 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0230 to the December average rate of 0.0267, the exchange rate registered a net change of 16.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0270 was up 19.64% compared to the 2023 peak of 0.0226, 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 135 TRY

2023 Average 89 TRY

Yearly Trough Low 113 TRY

Transaction Impact: A difference of 22.41 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0271

0.0226

JanuMarcMayJulySeptNove

IQD to TRY 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 0.0242, compared to 0.0260 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0242

H2 Avg (Jul–Dec) 0.0260

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0008 TRY (High: 0.0248 / Low: 0.0240). On the other end, October was the most stable month, with a tight range of 0.0002 TRY (High: 0.0262 / Low: 0.0260).

March Spread (Volatile) ±0.0008

October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0001 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0267) against the same month in 2023 (average: 0.0222), the exchange rate shifted by +0.0045 (+20.39%).

2024 Avg (December) 0.0267

2023 Avg (December) 0.0222

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0232	0.0225	0.0230
February	0.0239	0.0231	0.0235
March	0.0248	0.0240	0.0245
April	0.0249	0.0244	0.0247
May	0.0248	0.0245	0.0246
June	0.0251	0.0246	0.0249
July	0.0253	0.0249	0.0251
August	0.0261	0.0253	0.0258
September	0.0261	0.0259	0.0260
October	0.0262	0.0260	0.0261
November	0.0265	0.0261	0.0263
December	0.0270	0.0265	0.0267