2024 NZD to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NZD to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NZD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 832.3010. Conversely, the yearly low was recorded on December 31, dropping to 732.8018.
This high-to-low spread represents a total annual volatility of 99.4992 IQD. From a start-to-finish perspective, comparing the January average rate of 808.6842 to the December average rate of 751.4788, the exchange rate registered a net change of -7.07% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 832.3010 was down 12.47% compared to the 2023 peak of 950.8518, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NZD 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 797.5186, compared to 787.3508 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.1678 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 47.9947 IQD (High: 821.3808 / Low: 773.3861). On the other end, June was the most stable month, with a tight range of 14.9570 IQD (High: 811.5801 / Low: 796.6231).
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 November and December, when the average rate fell by 22.8087 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 815.8526) against the same month in 2023 (average: 776.3200), the exchange rate shifted by +39.5326 (+5.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 828.8491 | 795.5911 | 808.6842 |
| February | 812.0687 | 793.4853 | 802.9270 |
| March | 808.9316 | 780.6308 | 795.3961 |
| April | 794.5501 | 769.6524 | 779.6522 |
| May | 805.9241 | 777.2080 | 794.8632 |
| June | 811.5801 | 796.6231 | 803.5888 |
| July | 805.1722 | 770.0723 | 790.0480 |
| August | 821.3808 | 773.3861 | 796.0103 |
| September | 832.3010 | 803.2120 | 815.8526 |
| October | 822.4349 | 781.8930 | 796.4274 |
| November | 788.6965 | 761.1226 | 774.2875 |
| December | 772.5600 | 732.8018 | 751.4788 |