2024 MUR to IQD Historical Review

YEARLY HIGH

30.9869 IQD

YEARLY LOW

27.4300 IQD

YEARLY AVERAGE

28.3599 IQD

2024 MUR to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 30.9869. Conversely, the yearly low was recorded on April 15, dropping to 27.4300.

This high-to-low spread represents a total annual volatility of 3.5569 IQD. From a start-to-finish perspective, comparing the January average rate of 29.3209 to the December average rate of 27.9580, the exchange rate registered a net change of -4.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 30.9869 was down 7.40% compared to the 2023 peak of 33.4632, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 154,935 IQD

2023 Average 150,647 IQD

Yearly Trough Low 137,150 IQD

Transaction Impact: A difference of 17,784.71 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

29.4571

27.8217

JanuMarcMayJulySeptNove

MUR 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 28.5221, compared to 28.1976 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3245 points.

H1 Avg (Jan–Jun) 28.5221

H2 Avg (Jul–Dec) 28.1976

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 2.8182 IQD (High: 30.9869 / Low: 28.1688). On the other end, May was the most stable month, with a tight range of 0.3151 IQD (High: 28.5652 / Low: 28.2501).

March Spread (Volatile) ±2.8182

May Spread (Stable) ±0.3151

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.7434 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7434

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 28.5254) against the same month in 2023 (average: 31.3787), the exchange rate shifted by -2.8534 (-9.09%).

2024 Avg (March) 28.5254

2023 Avg (March) 31.3787

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.7652	28.5468	29.3209
February	29.1435	27.8731	28.5774
March	30.9869	28.1688	28.5254
April	28.4276	27.4300	28.1910
May	28.5652	28.2501	28.3978
June	28.7980	27.7275	28.1204
July	28.1771	27.7605	28.0214
August	28.4606	27.7685	28.2326
September	28.8487	28.0891	28.4883
October	28.5559	28.1105	28.3502
November	28.5951	27.6302	28.1352
December	28.1721	27.6428	27.9580