YEARLY HIGH
1.1007 IQD
YEARLY LOW
0.8042 IQD
YEARLY AVERAGE
0.8717 IQD

2020 MMK to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MMK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.1007. Conversely, the yearly low was recorded on January 13, dropping to 0.8042.

This high-to-low spread represents a total annual volatility of 0.2965 IQD. From a start-to-finish perspective, comparing the January average rate of 0.8118 to the December average rate of 0.9436, the exchange rate registered a net change of 16.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.1007 was up 36.22% compared to the 2019 peak of 0.8080, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,503 IQD
2019 Average 3,915 IQD
Yearly Trough Low 4,021 IQD
Transaction Impact: A difference of 1,482.27 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.9568
0.7986
JanuMarcMayJulySeptNove

MMK 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 0.8375, compared to 0.9058 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0683 points.

H1 Avg (Jan–Jun) 0.8375
H2 Avg (Jul–Dec) 0.9058

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 0.2390 IQD (High: 1.1007 / Low: 0.8617). On the other end, May was the most stable month, with a tight range of 0.0127 IQD (High: 0.8548 / Low: 0.8421).

December Spread (Volatile) ±0.2390
May Spread (Stable) ±0.0127

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0122 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0122

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.9436) against the same month in 2019 (average: 0.7945), the exchange rate shifted by +0.1491 (+18.77%).

2020 Avg (December) 0.9436
2019 Avg (December) 0.7945

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.8172 0.8042 0.8118
February 0.8285 0.8135 0.8216
March 0.8927 0.8285 0.8507
April 0.8563 0.8208 0.8385
May 0.8548 0.8421 0.8485
June 0.8697 0.8471 0.8543
July 0.8765 0.8579 0.8710
August 0.8990 0.8692 0.8791
September 0.9121 0.8928 0.9020
October 0.9329 0.9122 0.9224
November 0.9293 0.9050 0.9170
December 1.1007 0.8617 0.9436