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USD to IQD - Compare Exchange Rates

United States Dollar to Iraqi Dinar - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.


USD to IQD interbank exchange rate = 1190

Right now the USD/IQD interbank exchange rate is 1190. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Iraqi Dinar to United States Dollar.

This USD/IQD Converter calculates equivalent United States Dollar to Iraqi Dinar amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

USD / IQD converter & margin calculator


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United States Dollar

Iraqi Dinar

1 USD 1,190.00 IQD
5 USD 5,950.00 IQD
10 USD 11,900.00 IQD
20 USD 23,800.00 IQD
50 USD 59,500.00 IQD
100 USD 119,000.00 IQD
250 USD 297,500.00 IQD
500 USD 595,000.00 IQD
1,000 USD 1,190,000.00 IQD
2,000 USD 2,380,000.00 IQD
5,000 USD 5,950,000.00 IQD
10,000 USD 11,900,000.00 IQD
50,000 USD 59,500,000.00 IQD
100,000 USD 119,000,000.00 IQD
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United States Dollar

Iraqi Dinar

0.0008 USD 1 IQD
0.0042 USD 5 IQD
0.0084 USD 10 IQD
0.0168 USD 20 IQD
0.0420 USD 50 IQD
0.0840 USD 100 IQD
0.2100 USD 250 IQD
0.4200 USD 500 IQD
0.8400 USD 1,000 IQD
1.6800 USD 2,000 IQD
4.2000 USD 5,000 IQD
8.4000 USD 10,000 IQD
42.00 USD 50,000 IQD
84.00 USD 100,000 IQD
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IQD Country Guides

United States Dollar to Iraqi Dinar (USD-IQD) - 10 Year History

The below table shows the historic variation in the USD/IQD exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of USD versus other currencies : USD historical charts.

DateExchange RatePeriodChange
20 Apr 20191190.0000Latest
13 Apr 20191197.09281 Week-0.59%
21 Mar 20191192.12421 Month-0.18%
22 Oct 20181192.20216 Months-0.18%
20 Apr 20181187.00001 Year+0.25%
20 Apr 20171174.66112 Years+1.31%
21 Apr 20141165.03335 Years+2.14%
22 Apr 20091163.226710 Years+2.3%

Why can't I just get the USD/IQD market rate I see on Google or in the Media?

The USD/IQD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / IQD was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market USD/IQD midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good USD to IQD exchange rate

  1. Know the latest USD/IQD market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for United States Dollar and Iraqi Dinar

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the USD vs IQD, you should pay attention to both United States Dollar and Iraqi Dinar news and forecasts.

United States Dollar (USD) - Market news and forecasts

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Iraqi Dinar (IQD) - Market news and forecasts

No recent Iraqi Dinar market updates.