2021 MZN to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 MZN to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MZN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 26.3276. Conversely, the yearly low was recorded on February 10, dropping to 19.3864.
This high-to-low spread represents a total annual volatility of 6.9412 IQD. From a start-to-finish perspective, comparing the January average rate of 19.5104 to the December average rate of 22.8619, the exchange rate registered a net change of 17.18% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 26.3276 was up 34.64% compared to the 2020 peak of 19.5546, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
MZN 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 21.9324, compared to 22.8867 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9543 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was April, with a trading range of 4.5989 IQD (High: 26.3276 / Low: 21.7288). On the other end, October was the most stable month, with a tight range of 0.0383 IQD (High: 22.8851 / Low: 22.8468).
Growth Streaks & Declines
TrendsBetween February and May, 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 May and June, when the average rate fell by 1.3454 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2021: 24.4961) against the same month in 2020 (average: 17.7126), the exchange rate shifted by +6.7835 (+38.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.6261 | 19.4026 | 19.5104 |
| February | 19.4815 | 19.3864 | 19.4351 |
| March | 21.2673 | 19.5178 | 20.0963 |
| April | 26.3276 | 21.7288 | 24.4961 |
| May | 25.4894 | 23.9339 | 24.7011 |
| June | 23.8904 | 23.0170 | 23.3556 |
| July | 23.0025 | 22.9032 | 22.9468 |
| August | 23.0076 | 22.8632 | 22.9171 |
| September | 22.8985 | 22.8367 | 22.8759 |
| October | 22.8851 | 22.8468 | 22.8624 |
| November | 22.8873 | 22.8104 | 22.8563 |
| December | 23.0172 | 22.7305 | 22.8619 |