2024 OMR to IQD Historical Review

YEARLY HIGH

3434.2304 IQD

YEARLY LOW

3372.3061 IQD

YEARLY AVERAGE

3402.6019 IQD

2024 OMR to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the OMR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 3434.2304. Conversely, the yearly low was recorded on August 3, dropping to 3372.3061.

This high-to-low spread represents a total annual volatility of 61.9243 IQD. From a start-to-finish perspective, comparing the January average rate of 3402.5382 to the December average rate of 3402.0347, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3434.2304 was down 10.42% compared to the 2023 peak of 3833.7138, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17,171,152 IQD

2023 Average 17,650,113 IQD

Yearly Trough Low 16,861,530 IQD

Transaction Impact: A difference of 309,621.53 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3405.6116

3397.2081

JanuMarcMayJulySeptNove

OMR 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 3402.6037, compared to 3402.6000 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 3402.6037

H2 Avg (Jul–Dec) 3402.6000

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 38.3309 IQD (High: 3434.2304 / Low: 3395.8994). On the other end, July was the most stable month, with a tight range of 12.1153 IQD (High: 3405.2760 / Low: 3393.1606).

February Spread (Volatile) ±38.3309

July Spread (Stable) ±12.1153

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 3.9541 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.9541

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 3403.7417) against the same month in 2023 (average: 3793.0680), the exchange rate shifted by -389.3263 (-10.26%).

2024 Avg (February) 3403.7417

2023 Avg (February) 3793.0680

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3407.8355	3389.3730	3402.5382
February	3434.2304	3395.8994	3403.7417
March	3412.0173	3387.6784	3401.3763
April	3413.5988	3391.7439	3402.0432
May	3409.9600	3385.9583	3402.3927
June	3425.1287	3394.8726	3403.5302
July	3405.2760	3393.1606	3401.8625
August	3407.9350	3372.3061	3397.9084
September	3420.2054	3394.5596	3404.2376
October	3416.2362	3400.7817	3404.6456
November	3423.1593	3397.0972	3404.9113
December	3407.6168	3389.1605	3402.0347