2024 NOK to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 128.8806. Conversely, the yearly low was recorded on December 19, dropping to 114.5222.
This high-to-low spread represents a total annual volatility of 14.3584 IQD. From a start-to-finish perspective, comparing the January average rate of 125.9473 to the December average rate of 116.6130, the exchange rate registered a net change of -7.41% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 128.8806 was down 13.59% compared to the 2023 peak of 149.1531, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NOK 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 123.1477, compared to 120.5741 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.5735 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 6.6230 IQD (High: 125.1979 / Low: 118.5749). On the other end, February was the most stable month, with a tight range of 2.8944 IQD (High: 125.5306 / Low: 122.6362).
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 March and April, when the average rate fell by 3.2697 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 125.9473) against the same month in 2023 (average: 147.0760), the exchange rate shifted by -21.1287 (-14.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 128.8806 | 124.4150 | 125.9473 |
| February | 125.5306 | 122.6362 | 124.1909 |
| March | 125.6440 | 120.6561 | 123.3371 |
| April | 122.7432 | 117.8457 | 120.0674 |
| May | 124.9588 | 118.7128 | 121.9287 |
| June | 125.2482 | 122.3361 | 123.4145 |
| July | 124.1543 | 118.7751 | 121.3176 |
| August | 125.1979 | 118.5749 | 122.2759 |
| September | 126.0558 | 120.6218 | 123.5187 |
| October | 123.8498 | 119.0766 | 121.0964 |
| November | 120.4714 | 117.3235 | 118.6232 |
| December | 118.7400 | 114.5222 | 116.6130 |