2024 MMK to IQD Historical Review

YEARLY HIGH

0.6285 IQD

YEARLY LOW

0.4032 IQD

YEARLY AVERAGE

0.6188 IQD

2024 MMK to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MMK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 8, valuing the pair at 0.6285. Conversely, the yearly low was recorded on July 20, dropping to 0.4032.

This high-to-low spread represents a total annual volatility of 0.2254 IQD. From a start-to-finish perspective, comparing the January average rate of 0.6238 to the December average rate of 0.6242, the exchange rate registered a net change of 0.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6285 was down 10.85% compared to the 2023 peak of 0.7050, 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 3,143 IQD

2023 Average 3,236 IQD

Yearly Trough Low 2,016 IQD

Transaction Impact: A difference of 1,126.77 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6288

0.5801

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 0.6200, compared to 0.6176 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.6200

H2 Avg (Jul–Dec) 0.6176

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.2215 IQD (High: 0.6247 / Low: 0.4032). On the other end, April was the most stable month, with a tight range of 0.0006 IQD (High: 0.6242 / Low: 0.6235).

July Spread (Volatile) ±0.2215

April Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between July and October, 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 May and June, when the average rate fell by 0.0226 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0226

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.6011) against the same month in 2023 (average: 0.6237), the exchange rate shifted by -0.0226 (-3.63%).

2024 Avg (June) 0.6011

2023 Avg (June) 0.6237

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6243	0.6214	0.6238
February	0.6249	0.6234	0.6238
March	0.6244	0.6221	0.6238
April	0.6242	0.6235	0.6239
May	0.6244	0.6206	0.6237
June	0.6285	0.5273	0.6011
July	0.6247	0.4032	0.5842
August	0.6253	0.6188	0.6234
September	0.6276	0.6229	0.6245
October	0.6270	0.6241	0.6248
November	0.6279	0.6232	0.6247
December	0.6253	0.6219	0.6242