How is the iraqi dinar doing

The Iraqi dinar has shown a relatively stable exchange rate against the US dollar over the past periods, with minor fluctuations. As of the latest data, the dinar's value is trending slightly downwards, which is typical for currencies that are not pegged to a stable basket of currencies or have significant oil-related inflows.

1. **Exchange Rate Stability**: The exchange rate between Iraqi dinars and US dollars has been stable, with a slight average volatility of 0.07% over the last 90 days. This indicates a relatively stable currency pair, which is a positive sign for traders and investors looking for predictable exchange rates.
2. **Short-Term Fluctuations**: While the overall trend has been stable, there have been minor fluctuations. For instance, the highest exchange rate recorded was 1,311.9 IQD/USD, while the lowest was 1,308.1 IQD/USD. These variations are typical in open markets and can be influenced by a variety of factors, including economic indicators, political events, and oil prices.
3. **Economic Indicators**: The Iraqi economy, which is heavily reliant on oil exports, is a significant factor in the dinar's value. Oil prices have generally been stable, which has helped maintain the dinar's value. However, any significant change in oil prices or global economic indicators can impact the dinar's value.
4. **Political Stability**: Political stability in Iraq is crucial for the dinar's value. Ongoing political tensions or conflicts can lead to volatility in the currency market. The current political situation in Iraq appears to be relatively stable, which is supporting the dinar's value.
5. **Future Prospects**: Looking ahead, the dinar's value is likely to be influenced by global economic trends, oil prices, and political developments in Iraq. It is also important to note that the Iraqi government's economic policies and its ability to manage inflation and maintain economic growth will play a significant role in determining the dinar's future value.

In conclusion, the Iraqi dinar is performing well in terms of stability, but it is not immune to short-term fluctuations. The key factors that could influence its value in the short term include oil prices, political stability, and global economic trends. For long-term investors, the dinar could be an attractive option due to its stability and potential for capital appreciation as the Iraqi economy grows and stabilizes.