2024 TRY to IQD Historical Review

YEARLY HIGH

44.4209 IQD

YEARLY LOW

37.0459 IQD

YEARLY AVERAGE

39.9064 IQD

2024 TRY to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 44.4209. Conversely, the yearly low was recorded on December 31, dropping to 37.0459.

This high-to-low spread represents a total annual volatility of 7.3749 IQD. From a start-to-finish perspective, comparing the January average rate of 43.5256 to the December average rate of 37.4133, the exchange rate registered a net change of -14.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 44.4209 was down 43.24% compared to the 2023 peak of 78.2570, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 2,221,043 IQD

2023 Average 2,966,583 IQD

Yearly Trough Low 1,852,297 IQD

Transaction Impact: A difference of 368,745.47 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

44.1368

36.8021

JanuMarcMayJulySeptNove

TRY 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 41.3547, compared to 38.4582 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.8965 points.

H1 Avg (Jan–Jun) 41.3547

H2 Avg (Jul–Dec) 38.4582

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.3897 IQD (High: 41.7332 / Low: 40.3435). On the other end, October was the most stable month, with a tight range of 0.2238 IQD (High: 38.3992 / Low: 38.1754).

March Spread (Volatile) ±1.3897

October Spread (Stable) ±0.2238

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 February and March, when the average rate fell by 1.6933 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.6933

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 43.5256) against the same month in 2023 (average: 77.7224), the exchange rate shifted by -34.1968 (-44.00%).

2024 Avg (January) 43.5256

2023 Avg (January) 77.7224

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.4209	43.0961	43.5256
February	43.2242	41.8508	42.5314
March	41.7332	40.3435	40.8381
April	40.9849	40.0834	40.4675
May	40.7957	40.3360	40.5777
June	40.7199	39.7618	40.1879
July	40.2387	39.4717	39.7787
August	39.4556	38.2573	38.8105
September	38.6360	38.2937	38.4638
October	38.3992	38.1754	38.2574
November	38.3603	37.6997	38.0254
December	37.7498	37.0459	37.4133