2024 SAR to IQD Historical Review

YEARLY HIGH

352.5350 IQD

YEARLY LOW

345.8178 IQD

YEARLY AVERAGE

349.0596 IQD

2024 SAR to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SAR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 352.5350. Conversely, the yearly low was recorded on August 3, dropping to 345.8178.

This high-to-low spread represents a total annual volatility of 6.7171 IQD. From a start-to-finish perspective, comparing the January average rate of 349.2431 to the December average rate of 348.5999, the exchange rate registered a net change of -0.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 352.5350 was down 10.21% compared to the 2023 peak of 392.6008, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,762,675 IQD

2023 Average 1,810,802 IQD

Yearly Trough Low 1,729,089 IQD

Transaction Impact: A difference of 33,585.56 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

349.4573

348.4641

JanuMarcMayJulySeptNove

SAR 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 349.2079, compared to 348.9112 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2968 points.

H1 Avg (Jan–Jun) 349.2079

H2 Avg (Jul–Dec) 348.9112

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 4.0136 IQD (High: 352.5350 / Low: 348.5213). On the other end, July was the most stable month, with a tight range of 1.2598 IQD (High: 349.5168 / Low: 348.2570).

February Spread (Volatile) ±4.0136

July Spread (Stable) ±1.2598

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.5631 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.5631

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 349.3746) against the same month in 2023 (average: 389.1147), the exchange rate shifted by -39.7401 (-10.21%).

2024 Avg (February) 349.3746

2023 Avg (February) 389.1147

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	350.0424	347.9262	349.2431
February	352.5350	348.5213	349.3746
March	350.2354	347.7321	349.0876
April	350.2955	348.2570	349.1464
May	349.9602	347.4905	349.1304
June	351.5773	348.2908	349.2656
July	349.5168	348.2570	349.1099
August	349.6239	345.8178	348.5469
September	350.9245	348.1584	349.1965
October	350.1771	348.6171	349.0388
November	350.7181	348.0296	348.9751
December	349.2562	347.3460	348.5999