2024 NIO to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NIO to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NIO to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 8, valuing the pair at 35.8755. Conversely, the yearly low was recorded on August 3, dropping to 35.2095.
This high-to-low spread represents a total annual volatility of 0.6659 IQD. From a start-to-finish perspective, comparing the January average rate of 35.7364 to the December average rate of 35.5999, the exchange rate registered a net change of -0.38% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 35.8755 was down 11.16% compared to the 2023 peak of 40.3825, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NIO 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 35.6233, compared to 35.5933 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0300 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.3883 IQD (High: 35.5978 / Low: 35.2095). On the other end, December was the most stable month, with a tight range of 0.0380 IQD (High: 35.6196 / Low: 35.5815).
Growth Streaks & Declines
TrendsBetween 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 January and February, when the average rate fell by 0.1108 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 35.6026) against the same month in 2023 (average: 35.8266), the exchange rate shifted by -0.2240 (-0.63%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 35.7986 | 35.5321 | 35.7364 |
| February | 35.8436 | 35.5522 | 35.6256 |
| March | 35.6463 | 35.5580 | 35.5958 |
| April | 35.6463 | 35.3667 | 35.5774 |
| May | 35.6705 | 35.4587 | 35.6018 |
| June | 35.8755 | 35.5464 | 35.6026 |
| July | 35.6368 | 35.5453 | 35.5852 |
| August | 35.5978 | 35.2095 | 35.5489 |
| September | 35.7978 | 35.5709 | 35.6024 |
| October | 35.6276 | 35.5553 | 35.6008 |
| November | 35.8203 | 35.5963 | 35.6224 |
| December | 35.6196 | 35.5815 | 35.5999 |