2024 IQD to ZAR Historical Review

YEARLY HIGH

0.0148 ZAR

YEARLY LOW

0.0131 ZAR

YEARLY AVERAGE

0.0140 ZAR

2024 IQD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IQD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 0.0148. Conversely, the yearly low was recorded on September 29, dropping to 0.0131.

This high-to-low spread represents a total annual volatility of 0.0017 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0143 to the December average rate of 0.0139, the exchange rate registered a net change of -2.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0148 was down 2.27% compared to the 2023 peak of 0.0151, 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 74 ZAR

2023 Average 68 ZAR

Yearly Trough Low 65 ZAR

Transaction Impact: A difference of 8.53 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0146

0.0133

JanuMarcMayJulySeptNove

IQD to ZAR 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 0.0143, compared to 0.0137 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0143

H2 Avg (Jul–Dec) 0.0137

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0009 ZAR (High: 0.0144 / Low: 0.0135). On the other end, October was the most stable month, with a tight range of 0.0004 ZAR (High: 0.0136 / Low: 0.0132).

December Spread (Volatile) ±0.0009

October Spread (Stable) ±0.0004

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 August and September, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0144) against the same month in 2023 (average: 0.0125), the exchange rate shifted by +0.0019 (+15.11%).

2024 Avg (April) 0.0144

2023 Avg (April) 0.0125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0147	0.0140	0.0143
February	0.0148	0.0142	0.0145
March	0.0146	0.0142	0.0144
April	0.0148	0.0141	0.0144
May	0.0143	0.0138	0.0141
June	0.0145	0.0137	0.0141
July	0.0142	0.0137	0.0139
August	0.0143	0.0135	0.0138
September	0.0137	0.0131	0.0134
October	0.0136	0.0132	0.0134
November	0.0140	0.0132	0.0137
December	0.0144	0.0135	0.0139