2024 ZAR to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ZAR to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ZAR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 76.5954. Conversely, the yearly low was recorded on April 20, dropping to 67.7464.
This high-to-low spread represents a total annual volatility of 8.8490 IQD. From a start-to-finish perspective, comparing the January average rate of 69.8561 to the December average rate of 71.8121, the exchange rate registered a net change of 2.80% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 76.5954 was down 12.16% compared to the 2023 peak of 87.1963, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ZAR 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 69.9750, compared to 73.0246 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.0496 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 4.5968 IQD (High: 73.9174 / Low: 69.3206). On the other end, October was the most stable month, with a tight range of 2.0057 IQD (High: 75.6302 / Low: 73.6245).
Growth Streaks & Declines
TrendsBetween April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.6025 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 74.4899) against the same month in 2023 (average: 69.0474), the exchange rate shifted by +5.4424 (+7.88%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 71.6281 | 68.1978 | 69.8561 |
| February | 70.5020 | 67.7933 | 68.8886 |
| March | 70.5514 | 68.4300 | 69.4331 |
| April | 70.9958 | 67.7464 | 69.3501 |
| May | 72.5256 | 69.6982 | 71.1297 |
| June | 73.0623 | 69.0072 | 71.1923 |
| July | 72.9547 | 70.4085 | 71.8432 |
| August | 73.9780 | 69.9408 | 72.4155 |
| September | 76.5954 | 72.9242 | 74.4899 |
| October | 75.6302 | 73.6245 | 74.5947 |
| November | 75.6901 | 71.6777 | 72.9922 |
| December | 73.9174 | 69.3206 | 71.8121 |