2024 IQD to TZS Historical Review

YEARLY HIGH

2.0889 TZS

YEARLY LOW

1.7962 TZS

YEARLY AVERAGE

1.9962 TZS

2024 IQD to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IQD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 2.0889. Conversely, the yearly low was recorded on December 16, dropping to 1.7962.

This high-to-low spread represents a total annual volatility of 0.2927 TZS. From a start-to-finish perspective, comparing the January average rate of 1.9244 to the December average rate of 1.8836, the exchange rate registered a net change of -2.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.0889 was up 8.32% compared to the 2023 peak of 1.9285, 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 10,445 TZS

2023 Average 8,947 TZS

Yearly Trough Low 8,981 TZS

Transaction Impact: A difference of 1,463.28 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.0997

1.8640

JanuMarcMayJulySeptNove

IQD to TZS 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 1.9616, compared to 2.0309 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0693 points.

H1 Avg (Jan–Jun) 1.9616

H2 Avg (Jul–Dec) 2.0309

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.2192 TZS (High: 2.0154 / Low: 1.7962). On the other end, October was the most stable month, with a tight range of 0.0136 TZS (High: 2.0831 / Low: 2.0695).

December Spread (Volatile) ±0.2192

October Spread (Stable) ±0.0136

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1512 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1512

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.0801) against the same month in 2023 (average: 1.9132), the exchange rate shifted by +0.1669 (+8.72%).

2024 Avg (September) 2.0801

2023 Avg (September) 1.9132

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9471	1.9171	1.9244
February	1.9483	1.9240	1.9392
March	1.9698	1.9430	1.9502
April	1.9826	1.9638	1.9725
May	1.9904	1.9733	1.9817
June	2.0443	1.9877	2.0014
July	2.0628	2.0196	2.0405
August	2.0857	2.0572	2.0682
September	2.0889	2.0725	2.0801
October	2.0831	2.0695	2.0783
November	2.0803	2.0153	2.0348
December	2.0154	1.7962	1.8836