2024 PEN to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PEN to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PEN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 356.8710. Conversely, the yearly low was recorded on February 14, dropping to 337.6857.
This high-to-low spread represents a total annual volatility of 19.1853 IQD. From a start-to-finish perspective, comparing the January average rate of 351.0409 to the December average rate of 350.9318, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 356.8710 was down 10.09% compared to the 2023 peak of 396.9029, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
PEN 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 349.2382, compared to 348.8009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4374 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 11.8976 IQD (High: 352.6070 / Low: 340.7094). On the other end, August was the most stable month, with a tight range of 2.7598 IQD (High: 351.9647 / Low: 349.2049).
Growth Streaks & Declines
TrendsBetween February and April, 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 8.8123 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 352.4401) against the same month in 2023 (average: 385.9075), the exchange rate shifted by -33.4674 (-8.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 354.4722 | 343.5038 | 351.0409 |
| February | 347.1854 | 337.6857 | 342.2287 |
| March | 356.8710 | 346.1213 | 352.4401 |
| April | 355.8854 | 347.4803 | 352.4620 |
| May | 354.9441 | 348.0286 | 350.9361 |
| June | 351.1123 | 341.7117 | 346.3216 |
| July | 352.6070 | 340.7094 | 347.9599 |
| August | 351.9647 | 349.2049 | 350.1710 |
| September | 352.5113 | 343.2193 | 347.6289 |
| October | 353.2826 | 347.3043 | 349.4587 |
| November | 349.7541 | 344.4605 | 346.6548 |
| December | 352.7719 | 348.6636 | 350.9318 |