2024 NGN to IQD Historical Review

YEARLY HIGH

1.5248 IQD

YEARLY LOW

0.7724 IQD

YEARLY AVERAGE

0.9192 IQD

2024 NGN to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 1.5248. Conversely, the yearly low was recorded on November 22, dropping to 0.7724.

This high-to-low spread represents a total annual volatility of 0.7524 IQD. From a start-to-finish perspective, comparing the January average rate of 1.4378 to the December average rate of 0.8339, the exchange rate registered a net change of -42.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.5248 was down 53.30% compared to the 2023 peak of 3.2650, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 1,524,798 IQD

2023 Average 2,317,737 IQD

Yearly Trough Low 772,382 IQD

Transaction Impact: A difference of 752,416.61 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.5032

0.7173

JanuMarcMayJulySeptNove

NGN 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 1.0212, compared to 0.8172 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2040 points.

H1 Avg (Jan–Jun) 1.0212

H2 Avg (Jul–Dec) 0.8172

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.6456 IQD (High: 1.4608 / Low: 0.8152). On the other end, November was the most stable month, with a tight range of 0.0249 IQD (High: 0.7973 / Low: 0.7724).

February Spread (Volatile) ±0.6456

November Spread (Stable) ±0.0249

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.4386 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.4386

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.4378) against the same month in 2023 (average: 3.2112), the exchange rate shifted by -1.7734 (-55.23%).

2024 Avg (January) 1.4378

2023 Avg (January) 3.2112

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5248	1.3661	1.4378
February	1.4608	0.8152	0.9992
March	0.9386	0.8131	0.8588
April	1.0904	0.9216	1.0256
May	1.0607	0.8653	0.9274
June	0.9323	0.8631	0.8784
July	0.9324	0.7883	0.8647
August	0.8318	0.7879	0.8193
September	0.8239	0.7847	0.8021
October	0.8088	0.7839	0.8001
November	0.7973	0.7724	0.7828
December	0.8464	0.7779	0.8339