2024 MWK to IQD Historical Review

YEARLY HIGH

0.7847 IQD

YEARLY LOW

0.7491 IQD

YEARLY AVERAGE

0.7604 IQD

2024 MWK to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MWK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 21, valuing the pair at 0.7847. Conversely, the yearly low was recorded on August 3, dropping to 0.7491.

This high-to-low spread represents a total annual volatility of 0.0356 IQD. From a start-to-finish perspective, comparing the January average rate of 0.7784 to the December average rate of 0.7554, the exchange rate registered a net change of -2.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7847 was down 45.55% compared to the 2023 peak of 1.4412, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,924 IQD

2023 Average 6,154 IQD

Yearly Trough Low 3,745 IQD

Transaction Impact: A difference of 178.14 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7807

0.7525

JanuMarcMayJulySeptNove

MWK 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 0.7655, compared to 0.7553 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0102 points.

H1 Avg (Jan–Jun) 0.7655

H2 Avg (Jul–Dec) 0.7553

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0331 IQD (High: 0.7847 / Low: 0.7516). On the other end, December was the most stable month, with a tight range of 0.0007 IQD (High: 0.7555 / Low: 0.7548).

March Spread (Volatile) ±0.0331

December Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between April and June, 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 March and April, when the average rate fell by 0.0159 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0159

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.7708) against the same month in 2023 (average: 1.4198), the exchange rate shifted by -0.6490 (-45.71%).

2024 Avg (March) 0.7708

2023 Avg (March) 1.4198

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7789	0.7776	0.7784
February	0.7788	0.7777	0.7783
March	0.7847	0.7516	0.7708
April	0.7558	0.7524	0.7549
May	0.7558	0.7524	0.7552
June	0.7600	0.7550	0.7557
July	0.7566	0.7546	0.7555
August	0.7574	0.7491	0.7551
September	0.7556	0.7540	0.7552
October	0.7557	0.7543	0.7552
November	0.7588	0.7546	0.7554
December	0.7555	0.7548	0.7554