YEARLY HIGH
2.7351 MGA
YEARLY LOW
2.5394 MGA
YEARLY AVERAGE
2.6388 MGA

2021 IQD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the IQD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 2.7351. Conversely, the yearly low was recorded on February 8, dropping to 2.5394.

This high-to-low spread represents a total annual volatility of 0.1957 MGA. From a start-to-finish perspective, comparing the January average rate of 2.6042 to the December average rate of 2.7171, the exchange rate registered a net change of 4.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.7351 was down 18.05% compared to the 2020 peak of 3.3375, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,675 MGA
2020 Average 15,920 MGA
Yearly Trough Low 12,697 MGA
Transaction Impact: A difference of 978.59 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.7416
2.5597
JanuMarcMayJulySeptNove

IQD to MGA 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: JanтАУJun) was 2.5872, compared to 2.6905 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.1033 points.

H1 Avg (JanтАУJun) 2.5872
H2 Avg (JulтАУDec) 2.6905

Volatility Range Comparison

Volatility

The most volatile month in 2021 was July, with a trading range of 0.1105 MGA (High: 2.6886 / Low: 2.5782). On the other end, November was the most stable month, with a tight range of 0.0193 MGA (High: 2.7351 / Low: 2.7158).

July Spread (Volatile) ┬▒0.1105
November Spread (Stable) ┬▒0.0193

Growth Streaks & Declines

Trends

Between May and November, 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 January and February, when the average rate fell by 0.0286 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0286

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 2.7265) against the same month in 2020 (average: 3.2912), the exchange rate shifted by -0.5647 (-17.16%).

2021 Avg (November) 2.7265
2020 Avg (November) 3.2912

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Month High Low Average
January 2.6776 2.5703 2.6042
February 2.5960 2.5394 2.5756
March 2.6054 2.5566 2.5833
April 2.6122 2.5744 2.5960
May 2.6040 2.5641 2.5748
June 2.6445 2.5634 2.5890
July 2.6886 2.5782 2.6314
August 2.6886 2.5976 2.6658
September 2.7202 2.6702 2.6916
October 2.7248 2.6807 2.7105
November 2.7351 2.7158 2.7265
December 2.7306 2.6761 2.7171