2024 MOP to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MOP to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MOP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 164.4309. Conversely, the yearly low was recorded on August 3, dropping to 161.4524.
This high-to-low spread represents a total annual volatility of 2.9785 IQD. From a start-to-finish perspective, comparing the January average rate of 162.6963 to the December average rate of 163.6138, the exchange rate registered a net change of 0.56% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 164.4309 was down 10.20% compared to the 2023 peak of 183.0979, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MOP 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 162.6514, compared to 163.3145 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6631 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 2.0189 IQD (High: 163.4713 / Low: 161.4524). On the other end, October was the most stable month, with a tight range of 0.3332 IQD (High: 163.8405 / Low: 163.5072).
Growth Streaks & Declines
TrendsBetween 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 October and November, when the average rate fell by 0.1423 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 163.5301) against the same month in 2023 (average: 162.8233), the exchange rate shifted by +0.7068 (+0.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 162.9384 | 162.1790 | 162.6963 |
| February | 162.9632 | 162.3985 | 162.6113 |
| March | 162.7722 | 161.9110 | 162.5443 |
| April | 162.5851 | 162.0927 | 162.4150 |
| May | 163.1711 | 162.1594 | 162.7893 |
| June | 163.9427 | 162.4704 | 162.8523 |
| July | 162.9907 | 162.4492 | 162.8462 |
| August | 163.4713 | 161.4524 | 162.9731 |
| September | 164.1468 | 162.8915 | 163.2513 |
| October | 163.8405 | 163.5072 | 163.6724 |
| November | 164.4309 | 163.2822 | 163.5301 |
| December | 163.8807 | 163.3327 | 163.6138 |