2024 SVC to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SVC to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SVC to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 8, valuing the pair at 150.7128. Conversely, the yearly low was recorded on August 3, dropping to 148.4479.
This high-to-low spread represents a total annual volatility of 2.2649 IQD. From a start-to-finish perspective, comparing the January average rate of 149.7080 to the December average rate of 149.7081, the exchange rate registered a net change of 0.00% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 150.7128 was down 10.93% compared to the 2023 peak of 169.1984, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SVC based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SVC 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 149.7187, compared to 149.6988 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0198 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 1.5401 IQD (High: 149.9879 / Low: 148.4479). On the other end, December was the most stable month, with a tight range of 0.1110 IQD (High: 149.7749 / Low: 149.6639).
Growth Streaks & Declines
TrendsNo 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 0.0843 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 149.7219) against the same month in 2023 (average: 149.6989), the exchange rate shifted by +0.0229 (+0.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 149.8245 | 149.1269 | 149.7080 |
| February | 149.9863 | 149.6224 | 149.7146 |
| March | 149.8600 | 149.2957 | 149.7130 |
| April | 150.1734 | 149.6664 | 149.7573 |
| May | 149.8631 | 148.9339 | 149.6972 |
| June | 150.7128 | 149.3865 | 149.7219 |
| July | 149.7978 | 149.2796 | 149.6926 |
| August | 149.9879 | 148.4479 | 149.6083 |
| September | 150.4587 | 149.4344 | 149.7235 |
| October | 149.7639 | 149.5593 | 149.7005 |
| November | 150.4654 | 149.5374 | 149.7601 |
| December | 149.7749 | 149.6639 | 149.7081 |