2024 MGA to IQD Historical Review

YEARLY HIGH

0.3012 IQD

YEARLY LOW

0.2769 IQD

YEARLY AVERAGE

0.2889 IQD

2024 MGA to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 0.3012. Conversely, the yearly low was recorded on December 15, dropping to 0.2769.

This high-to-low spread represents a total annual volatility of 0.0243 IQD. From a start-to-finish perspective, comparing the January average rate of 0.2870 to the December average rate of 0.2787, the exchange rate registered a net change of -2.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3012 was down 12.15% compared to the 2023 peak of 0.3428, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,506 IQD

2023 Average 1,528 IQD

Yearly Trough Low 1,385 IQD

Transaction Impact: A difference of 121.42 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2998

0.2767

JanuMarcMayJulySeptNove

MGA 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 0.2925, compared to 0.2853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0072 points.

H1 Avg (Jan–Jun) 0.2925

H2 Avg (Jul–Dec) 0.2853

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0117 IQD (High: 0.3002 / Low: 0.2886). On the other end, May was the most stable month, with a tight range of 0.0022 IQD (High: 0.2964 / Low: 0.2942).

March Spread (Volatile) ±0.0117

May Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between January and April, 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 July and August, when the average rate fell by 0.0042 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.2979) against the same month in 2023 (average: 0.3315), the exchange rate shifted by -0.0335 (-10.12%).

2024 Avg (April) 0.2979

2023 Avg (April) 0.3315

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2897	0.2841	0.2870
February	0.2899	0.2876	0.2886
March	0.3002	0.2886	0.2931
April	0.3012	0.2949	0.2979
May	0.2964	0.2942	0.2954
June	0.2957	0.2891	0.2929
July	0.2938	0.2870	0.2907
August	0.2902	0.2834	0.2865
September	0.2904	0.2871	0.2884
October	0.2887	0.2836	0.2855
November	0.2846	0.2791	0.2818
December	0.2816	0.2769	0.2787