2024 SRD to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SRD to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SRD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 13, valuing the pair at 45.6873. Conversely, the yearly low was recorded on January 18, dropping to 35.4550.
This high-to-low spread represents a total annual volatility of 10.2323 IQD. From a start-to-finish perspective, comparing the January average rate of 35.6990 to the December average rate of 37.1843, the exchange rate registered a net change of 4.16% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 45.6873 was down 1.30% compared to the 2023 peak of 46.2877, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SRD 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 38.1487, compared to 41.4098 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.2611 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 4.5949 IQD (High: 42.6990 / Low: 38.1041). On the other end, December was the most stable month, with a tight range of 0.4379 IQD (High: 37.3878 / Low: 36.9499).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 3.7757 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 45.4178) against the same month in 2023 (average: 34.2200), the exchange rate shifted by +11.1978 (+32.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 35.9696 | 35.4550 | 35.6990 |
| February | 37.1006 | 35.6662 | 36.2464 |
| March | 37.5747 | 36.8870 | 37.1619 |
| April | 38.7516 | 37.3206 | 37.8369 |
| May | 40.7627 | 38.7406 | 40.1549 |
| June | 42.7989 | 40.6061 | 41.7930 |
| July | 45.4146 | 42.4632 | 44.1203 |
| August | 45.6873 | 45.0084 | 45.4178 |
| September | 45.3847 | 42.6669 | 44.1309 |
| October | 42.6990 | 38.1041 | 40.3552 |
| November | 38.1180 | 36.8686 | 37.2505 |
| December | 37.3878 | 36.9499 | 37.1843 |