2024 MNT to IQD Historical Review

YEARLY HIGH

0.3877 IQD

YEARLY LOW

0.3777 IQD

YEARLY AVERAGE

0.3822 IQD

2024 MNT to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MNT to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 0.3877. Conversely, the yearly low was recorded on May 18, dropping to 0.3777.

This high-to-low spread represents a total annual volatility of 0.0100 IQD. From a start-to-finish perspective, comparing the January average rate of 0.3796 to the December average rate of 0.3854, the exchange rate registered a net change of 1.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3877 was down 10.34% compared to the 2023 peak of 0.4324, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,938 IQD

2023 Average 1,963 IQD

Yearly Trough Low 1,889 IQD

Transaction Impact: A difference of 49.78 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3864

0.3789

JanuMarcMayJulySeptNove

MNT 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 0.3796, compared to 0.3848 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 0.3796

H2 Avg (Jul–Dec) 0.3848

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0071 IQD (High: 0.3857 / Low: 0.3786). On the other end, October was the most stable month, with a tight range of 0.0018 IQD (High: 0.3871 / Low: 0.3853).

July Spread (Volatile) ±0.0071

October Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0003 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.3857) against the same month in 2023 (average: 0.3791), the exchange rate shifted by +0.0066 (+1.75%).

2024 Avg (November) 0.3857

2023 Avg (November) 0.3791

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3805	0.3782	0.3796
February	0.3832	0.3789	0.3798
March	0.3807	0.3780	0.3795
April	0.3807	0.3787	0.3796
May	0.3804	0.3777	0.3795
June	0.3822	0.3788	0.3797
July	0.3857	0.3786	0.3815
August	0.3861	0.3820	0.3849
September	0.3875	0.3846	0.3856
October	0.3871	0.3853	0.3857
November	0.3877	0.3848	0.3857
December	0.3861	0.3840	0.3854