2024 MDL to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MDL to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MDL to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 76.0227. Conversely, the yearly low was recorded on December 28, dropping to 71.0427.
This high-to-low spread represents a total annual volatility of 4.9799 IQD. From a start-to-finish perspective, comparing the January average rate of 74.3290 to the December average rate of 71.4930, the exchange rate registered a net change of -3.82% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 76.0227 was down 7.08% compared to the 2023 peak of 81.8154, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MDL 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 74.0137, compared to 73.7394 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2743 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 2.5528 IQD (High: 76.0227 / Low: 73.4699). On the other end, May was the most stable month, with a tight range of 0.7092 IQD (High: 74.5124 / Low: 73.8032).
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 October and November, when the average rate fell by 1.4951 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 74.8047) against the same month in 2023 (average: 74.0845), the exchange rate shifted by +0.7202 (+0.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 75.7445 | 73.7837 | 74.3290 |
| February | 74.2687 | 73.1611 | 73.6047 |
| March | 74.6827 | 73.7275 | 74.1651 |
| April | 74.5120 | 72.9846 | 73.8849 |
| May | 74.5124 | 73.8032 | 74.1595 |
| June | 75.1336 | 73.1705 | 73.9388 |
| July | 74.5376 | 73.4822 | 73.9686 |
| August | 76.0227 | 73.4699 | 74.8047 |
| September | 75.8331 | 75.0310 | 75.3991 |
| October | 75.3819 | 72.9800 | 74.1331 |
| November | 73.7878 | 71.5829 | 72.6381 |
| December | 71.8819 | 71.0427 | 71.4930 |