2024 JOD to IQD Historical Review

YEARLY HIGH

1864.1305 IQD

YEARLY LOW

1831.7708 IQD

YEARLY AVERAGE

1847.4893 IQD

2024 JOD to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 1864.1305. Conversely, the yearly low was recorded on August 3, dropping to 1831.7708.

This high-to-low spread represents a total annual volatility of 32.3597 IQD. From a start-to-finish perspective, comparing the January average rate of 1846.1823 to the December average rate of 1846.4311, the exchange rate registered a net change of 0.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1864.1305 was down 10.23% compared to the 2023 peak of 2076.5121, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 JOD based on timing:

Yearly Peak High 9,320,652 IQD

2023 Average 9,578,690 IQD

Yearly Trough Low 9,158,854 IQD

Transaction Impact: A difference of 161,798.32 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1849.6515

1845.0393

JanuMarcMayJulySeptNove

JOD to IQD 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 1847.3144, compared to 1847.6643 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3500 points.

H1 Avg (Jan–Jun) 1847.3144

H2 Avg (Jul–Dec) 1847.6643

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 20.3726 IQD (High: 1864.1305 / Low: 1843.7579). On the other end, July was the most stable month, with a tight range of 6.6690 IQD (High: 1849.8059 / Low: 1843.1369).

February Spread (Volatile) ±20.3726

July Spread (Stable) ±6.6690

Growth Streaks & Declines

Trends

Between August and October, 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 July and August, when the average rate fell by 2.3453 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.3453

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 1847.7468) against the same month in 2023 (average: 2057.5550), the exchange rate shifted by -209.8082 (-10.20%).

2024 Avg (February) 1847.7468

2023 Avg (February) 2057.5550

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1849.8578	1839.2150	1846.1823
February	1864.1305	1843.7579	1847.7468
March	1852.7509	1839.6876	1846.7746
April	1853.0779	1842.9154	1847.5890
May	1851.5280	1838.2090	1847.2668
June	1860.3310	1843.4891	1848.3267
July	1849.8059	1843.1369	1847.7690
August	1851.1093	1831.7708	1845.4237
September	1857.8419	1843.9112	1848.9540
October	1856.5472	1846.4802	1849.2671
November	1857.6975	1843.4139	1848.1409
December	1849.6471	1839.4736	1846.4311