2024 TOP to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TOP to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TOP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 563.2200. Conversely, the yearly low was recorded on April 29, dropping to 542.4288.
This high-to-low spread represents a total annual volatility of 20.7911 IQD. From a start-to-finish perspective, comparing the January average rate of 556.0441 to the December average rate of 546.8941, the exchange rate registered a net change of -1.65% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 563.2200 was down 11.60% compared to the 2023 peak of 637.1581, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
TOP 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 553.2818, compared to 552.5544 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7273 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 16.1236 IQD (High: 561.0468 / Low: 544.9232). On the other end, December was the most stable month, with a tight range of 2.9955 IQD (High: 547.8784 / Low: 544.8830).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 6.6656 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 556.0441) against the same month in 2023 (average: 626.6198), the exchange rate shifted by -70.5757 (-11.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 563.2200 | 552.9104 | 556.0441 |
| February | 559.3063 | 546.9389 | 553.3559 |
| March | 556.1598 | 549.6923 | 552.7866 |
| April | 553.5664 | 542.4288 | 549.2619 |
| May | 556.6060 | 547.6013 | 552.9077 |
| June | 560.4859 | 553.5455 | 555.3343 |
| July | 556.6952 | 548.4272 | 553.4301 |
| August | 561.0468 | 544.9232 | 553.2225 |
| September | 562.3644 | 556.3079 | 558.8013 |
| October | 561.2147 | 549.3476 | 554.8220 |
| November | 552.7368 | 545.2703 | 548.1564 |
| December | 547.8784 | 544.8830 | 546.8941 |