2024 XAF to IQD Historical Review

YEARLY HIGH

2.2373 IQD

YEARLY LOW

2.0671 IQD

YEARLY AVERAGE

2.1608 IQD

2024 XAF to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the XAF to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 2.2373. Conversely, the yearly low was recorded on December 18, dropping to 2.0671.

This high-to-low spread represents a total annual volatility of 0.1702 IQD. From a start-to-finish perspective, comparing the January average rate of 2.1784 to the December average rate of 2.0907, the exchange rate registered a net change of -4.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.2373 was down 9.73% compared to the 2023 peak of 2.4784, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,186 IQD

2023 Average 11,209 IQD

Yearly Trough Low 10,335 IQD

Transaction Impact: A difference of 850.82 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2322

2.0778

JanuMarcMayJulySeptNove

XAF 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 2.1588, compared to 2.1627 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 2.1588

H2 Avg (Jul–Dec) 2.1627

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.1025 IQD (High: 2.1839 / Low: 2.0814). On the other end, May was the most stable month, with a tight range of 0.0339 IQD (High: 2.1743 / Low: 2.1404).

November Spread (Volatile) ±0.1025

May Spread (Stable) ±0.0339

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0538 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0538

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2.1981) against the same month in 2023 (average: 2.1783), the exchange rate shifted by +0.0198 (+0.91%).

2024 Avg (August) 2.1981

2023 Avg (August) 2.1783

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2086	2.1554	2.1784
February	2.1726	2.1386	2.1561
March	2.1874	2.1506	2.1697
April	2.1686	2.1205	2.1405
May	2.1743	2.1404	2.1586
June	2.1765	2.1309	2.1494
July	2.1839	2.1434	2.1670
August	2.2373	2.1520	2.1981
September	2.2354	2.1985	2.2193
October	2.2087	2.1527	2.1775
November	2.1839	2.0814	2.1237
December	2.1151	2.0671	2.0907