2024 MZN to IQD Historical Review

YEARLY HIGH

21.3060 IQD

YEARLY LOW

20.3317 IQD

YEARLY AVERAGE

20.5013 IQD

2024 MZN to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 21.3060. Conversely, the yearly low was recorded on August 3, dropping to 20.3317.

This high-to-low spread represents a total annual volatility of 0.9744 IQD. From a start-to-finish perspective, comparing the January average rate of 20.5316 to the December average rate of 20.5071, the exchange rate registered a net change of -0.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 21.3060 was down 7.58% compared to the 2023 peak of 23.0529, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 106,530 IQD

2023 Average 106,364 IQD

Yearly Trough Low 101,658 IQD

Transaction Impact: A difference of 4,871.80 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

20.5377

20.4641

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 20.5004, compared to 20.5021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 20.5004

H2 Avg (Jul–Dec) 20.5021

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.8876 IQD (High: 21.3060 / Low: 20.4185). On the other end, July was the most stable month, with a tight range of 0.0873 IQD (High: 20.5291 / Low: 20.4418).

January Spread (Volatile) ±0.8876

July Spread (Stable) ±0.0873

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 July and August, when the average rate fell by 0.0272 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0272

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 20.5316) against the same month in 2023 (average: 22.8489), the exchange rate shifted by -2.3173 (-10.14%).

2024 Avg (January) 20.5316

2023 Avg (January) 22.8489

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.3060	20.4185	20.5316
February	20.6973	20.4654	20.5104
March	20.5542	20.3933	20.4892
April	20.5746	20.3971	20.4737
May	20.5399	20.3929	20.4927
June	20.6273	20.4515	20.5051
July	20.5291	20.4418	20.4974
August	20.5409	20.3317	20.4702
September	20.6049	20.4584	20.5145
October	20.5847	20.4912	20.5153
November	20.6149	20.4590	20.5082
December	20.5481	20.4408	20.5071