2024 RON to IQD Historical Review

YEARLY HIGH

294.6866 IQD

YEARLY LOW

272.5679 IQD

YEARLY AVERAGE

284.8634 IQD

2024 RON to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RON to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 294.6866. Conversely, the yearly low was recorded on December 31, dropping to 272.5679.

This high-to-low spread represents a total annual volatility of 22.1187 IQD. From a start-to-finish perspective, comparing the January average rate of 287.2115 to the December average rate of 275.6718, the exchange rate registered a net change of -4.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 294.6866 was down 9.99% compared to the 2023 peak of 327.3929, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,473,433 IQD

2023 Average 1,485,719 IQD

Yearly Trough Low 1,362,839 IQD

Transaction Impact: A difference of 110,593.38 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

294.2889

273.9794

JanuMarcMayJulySeptNove

RON 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 284.6331, compared to 285.0937 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4606 points.

H1 Avg (Jan–Jun) 284.6331

H2 Avg (Jul–Dec) 285.0937

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 13.8861 IQD (High: 287.9474 / Low: 274.0613). On the other end, May was the most stable month, with a tight range of 4.6104 IQD (High: 286.7277 / Low: 282.1173).

November Spread (Volatile) ±13.8861

May Spread (Stable) ±4.6104

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 October and November, when the average rate fell by 7.2649 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -7.2649

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 292.5964) against the same month in 2023 (average: 281.5337), the exchange rate shifted by +11.0627 (+3.93%).

2024 Avg (September) 292.5964

2023 Avg (September) 281.5337

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	291.3912	284.1481	287.2115
February	287.0047	281.8799	284.2803
March	288.6989	283.5057	286.2362
April	286.3060	279.5758	282.2697
May	286.7277	282.1173	284.5383
June	286.9235	280.8616	283.2627
July	288.1982	282.5060	285.7853
August	294.6402	283.7385	289.6589
September	294.6866	289.9492	292.5964
October	291.1658	283.8883	287.0573
November	287.9474	274.0613	279.7924
December	278.8373	272.5679	275.6718