2024 ISK to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ISK to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ISK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 9.7364. Conversely, the yearly low was recorded on April 16, dropping to 9.2207.
This high-to-low spread represents a total annual volatility of 0.5157 IQD. From a start-to-finish perspective, comparing the January average rate of 9.5668 to the December average rate of 9.4428, the exchange rate registered a net change of -1.30% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 9.7364 was down 10.09% compared to the 2023 peak of 10.8286, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ISK to IQD 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 9.4730, compared to 9.5151 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0421 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was September, with a trading range of 0.3087 IQD (High: 9.7364 / Low: 9.4277). On the other end, July was the most stable month, with a tight range of 0.1529 IQD (High: 9.5819 / Low: 9.4290).
Growth Streaks & Declines
TrendsBetween April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.2057 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 9.5702) against the same month in 2023 (average: 9.6783), the exchange rate shifted by -0.1081 (-1.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.6896 | 9.4925 | 9.5668 |
| February | 9.6357 | 9.4340 | 9.5127 |
| March | 9.6987 | 9.3968 | 9.5426 |
| April | 9.4425 | 9.2207 | 9.3369 |
| May | 9.5528 | 9.3518 | 9.4341 |
| June | 9.5493 | 9.3749 | 9.4449 |
| July | 9.5819 | 9.4290 | 9.5093 |
| August | 9.6140 | 9.4112 | 9.4943 |
| September | 9.7364 | 9.4277 | 9.5702 |
| October | 9.6960 | 9.4732 | 9.5800 |
| November | 9.6208 | 9.3784 | 9.4938 |
| December | 9.5354 | 9.3709 | 9.4428 |