2024 PHP to IQD Historical Review

YEARLY HIGH

23.6951 IQD

YEARLY LOW

22.0418 IQD

YEARLY AVERAGE

22.8700 IQD

2024 PHP to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 23.6951. Conversely, the yearly low was recorded on December 18, dropping to 22.0418.

This high-to-low spread represents a total annual volatility of 1.6532 IQD. From a start-to-finish perspective, comparing the January average rate of 23.4048 to the December average rate of 22.4151, the exchange rate registered a net change of -4.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 23.6951 was down 13.68% compared to the 2023 peak of 27.4505, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 5,923,766 IQD

2023 Average 6,111,326 IQD

Yearly Trough Low 5,510,455 IQD

Transaction Impact: A difference of 413,311.04 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

23.5279

22.2071

JanuMarcMayJulySeptNove

PHP 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 23.0253, compared to 22.7147 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3106 points.

H1 Avg (Jan–Jun) 23.0253

H2 Avg (Jul–Dec) 22.7147

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.8923 IQD (High: 23.3323 / Low: 22.4400). On the other end, July was the most stable month, with a tight range of 0.2241 IQD (High: 22.5013 / Low: 22.2772).

October Spread (Volatile) ±0.8923

July Spread (Stable) ±0.2241

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.5761 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5761

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 23.4048) against the same month in 2023 (average: 26.5741), the exchange rate shifted by -3.1693 (-11.93%).

2024 Avg (January) 23.4048

2023 Avg (January) 26.5741

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.6951	23.2259	23.4048
February	23.5668	23.2356	23.3878
March	23.6742	23.1280	23.4178
April	23.2819	22.6516	22.9600
May	22.9569	22.3790	22.6641
June	22.4408	22.2166	22.3172
July	22.5013	22.2772	22.3949
August	23.3328	22.4408	22.9577
September	23.5970	23.1164	23.3837
October	23.3323	22.4400	22.8076
November	22.5352	22.1799	22.3295
December	22.6699	22.0418	22.4151