Understanding USD to IQD Currency Exchange Rates

The USD to IQD currency exchange rate is determined by the market forces of supply and demand, just like any other currency pair. This means that the rate can fluctuate constantly.

One key factor influencing the exchange rate is the economic stability of Iraq, the country where the Iraqi Dinar (IQD) is the official currency. A stable economy can lead to a stronger IQD and a more favorable exchange rate for USD to IQD.

The exchange rate is also influenced by the global demand for the Iraqi Dinar, which can be driven by factors such as oil prices and international trade.

If you're looking to exchange your Iraqi dinars for US dollars, you can try visiting commercial banks in New York that deal with foreign currency. These banks include The Bank of Commerce, Citi Bank, HSBC, Bank of America, Chase, and Citi Bank, but you'll need to call them to confirm which ones are currently exchanging dinars.

You might enjoy: Dinars Value

You can also try selling your dinars on Ebay, but be aware that the going rate for a million dinars is roughly $880 to $1100, depending on the denomination.

The official Iraq Central Bank rate is 1475 = $1.00, which means 1 million Iraqi dinars cost about $678.

If you're looking for a more convenient option, you can use an online currency converter to get an estimate of the current exchange rate.

Here's a rough idea of the conversion rates based on the official Iraq Central Bank rate:

Keep in mind that these rates are subject to change and may not reflect the current market rates. It's always a good idea to check the latest rates before making any transactions.

Related reading: How Are Spot Exchange Rates Determined

Iraq's currency is the Iraqi Dinar, abbreviated as IQD. The official exchange rate for the IQD is 1,184.00 per USD, as of 2017.

The exchange rate has been tracked yearly since 1960, providing a clear picture of the currency's value over time. This data is essential for anyone looking to convert USD to IQD.

One of the most commonly used indicators for the IQD's value is the Official Exchange Rate. However, there's another indicator worth mentioning: the DEC Alternative Conversion Factor. As of 2016, this factor is 1,182.00 per USD.

Here's a quick comparison of the two indicators:

Both of these indicators provide valuable insights into the IQD's value and can be used for conversions from USD to IQD.

You can find the official exchange rate for USD to IQD on a yearly basis, which averaged 1,184.00 IQD per USD in 2017.

The official exchange rate has been tracked since 1960, providing a long-term perspective on the value of the Iraqi dinar.

The official exchange rate is also known as Iraq IQ: Official Exchange Rate: Average: per USD (IQD/USD).

You can also look at the DEC Alternative Conversion Factor, which averaged 1,182.00 IQD per USD in 2016.

This conversion factor has been tracked since 1960, but the data only goes up to 2016.

Here are the related indicators for USD to IQD:

Historical exchange rates between the US Dollar and the Iraqi Dinar are available for your reference. The official exchange rate for Iraq, averaged per US Dollar, was 1,184.00 IQD/USD in 2017.

You can view historical exchange rates by year on our website, with options for 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, and 2016.

If you're looking for a specific year, you can click on the corresponding link to view the rates. Keep in mind that the USD/IQD rate has been down by -0.02% in the six months, indicating a decrease in the value of the US Dollar compared to the Iraqi Dinar.

Here's a list of available years for viewing rates:

The DEC Alternative Conversion Factor for Iraq, per US Dollar, was 1,182.00 IQD/USD in 2016.

Economic indicators, such as GDP growth, inflation, and interest rates, can significantly impact the USD to IQD exchange rate. These factors are closely monitored by investors and traders, who adjust their currency trades accordingly.

GDP growth, in particular, can have a substantial effect on the exchange rate. A strong GDP growth can attract foreign investors, causing the value of the USD to appreciate.

Inflation rates, on the other hand, can erode the purchasing power of a currency, leading to a decrease in its value. If inflation rates in Iraq are high, the value of the IQD may decrease, making the USD more valuable.

Interest rates set by central banks can also influence the exchange rate. A change in interest rates can attract or repel foreign investors, causing the value of the currency to fluctuate.

Geopolitical events, such as elections and trade agreements, can also impact the exchange rate. These events can create uncertainty and volatility in the currency markets, leading to fluctuations in the exchange rate.

Central bank decisions, such as interest rate changes, can also affect the exchange rate. A change in interest rates can influence the value of the currency, making it more or less attractive to investors.

Here's a summary of the key factors affecting the USD to IQD exchange rate: