2024 NPR to IQD Historical Review

YEARLY HIGH

9.9129 IQD

YEARLY LOW

9.5639 IQD

YEARLY AVERAGE

9.7862 IQD

2024 NPR to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NPR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 9, valuing the pair at 9.9129. Conversely, the yearly low was recorded on December 31, dropping to 9.5639.

This high-to-low spread represents a total annual volatility of 0.3490 IQD. From a start-to-finish perspective, comparing the January average rate of 9.8507 to the December average rate of 9.6372, the exchange rate registered a net change of -2.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 9.9129 was down 12.36% compared to the 2023 peak of 11.3113, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 49,564 IQD

2023 Average 51,449 IQD

Yearly Trough Low 47,820 IQD

Transaction Impact: A difference of 1,744.80 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

9.8880

9.6143

JanuMarcMayJulySeptNove

NPR 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 9.8375, compared to 9.7349 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1026 points.

H1 Avg (Jan–Jun) 9.8375

H2 Avg (Jul–Dec) 9.7349

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.1423 IQD (High: 9.9129 / Low: 9.7706). On the other end, July was the most stable month, with a tight range of 0.0387 IQD (High: 9.8165 / Low: 9.7778).

March Spread (Volatile) ±0.1423

July Spread (Stable) ±0.0387

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 November and December, when the average rate fell by 0.0752 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0752

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 9.8609) against the same month in 2023 (average: 11.0817), the exchange rate shifted by -1.2208 (-11.02%).

2024 Avg (March) 9.8609

2023 Avg (March) 11.0817

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.8810	9.7460	9.8507
February	9.8854	9.8081	9.8652
March	9.9129	9.7706	9.8609
April	9.8505	9.7859	9.8202
May	9.8543	9.7564	9.8177
June	9.8795	9.7791	9.8104
July	9.8165	9.7778	9.7940
August	9.7958	9.6797	9.7521
September	9.8383	9.7435	9.7705
October	9.7718	9.7296	9.7436
November	9.7534	9.6732	9.7124
December	9.6833	9.5639	9.6372