2024 JPY to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 JPY to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the JPY to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 15, valuing the pair at 9.3141. Conversely, the yearly low was recorded on July 10, dropping to 8.1055.
This high-to-low spread represents a total annual volatility of 1.2087 IQD. From a start-to-finish perspective, comparing the January average rate of 8.9620 to the December average rate of 8.5049, the exchange rate registered a net change of -5.10% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 9.3141 was down 18.41% compared to the 2023 peak of 11.4156, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 JPY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
JPY 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 8.6101, compared to 8.7021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0920 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.6386 IQD (High: 8.7441 / Low: 8.1055). On the other end, May was the most stable month, with a tight range of 0.2432 IQD (High: 8.5590 / Low: 8.3158).
Growth Streaks & Declines
TrendsBetween June and September, 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 September and October, when the average rate fell by 0.4148 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 9.1598) against the same month in 2023 (average: 8.8600), the exchange rate shifted by +0.2999 (+3.38%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.3021 | 8.8352 | 8.9620 |
| February | 8.9441 | 8.6766 | 8.7575 |
| March | 8.9293 | 8.6131 | 8.7429 |
| April | 8.6572 | 8.3012 | 8.5028 |
| May | 8.5590 | 8.3158 | 8.4086 |
| June | 8.4444 | 8.1325 | 8.2869 |
| July | 8.7441 | 8.1055 | 8.3151 |
| August | 9.0989 | 8.7709 | 8.9451 |
| September | 9.3141 | 8.9265 | 9.1598 |
| October | 9.1091 | 8.5480 | 8.7450 |
| November | 8.7476 | 8.3738 | 8.5427 |
| December | 8.7592 | 8.2898 | 8.5049 |