Currency Converter for Iraq
Convert IQD (Iraq currency) to and from 174 world currencies. Our converter provides real-time exchange rates for IQD updated hourly from global financial markets.
Whether you're traveling to Iraq, sending money internationally, or tracking forex markets, this IQD converter gives you accurate mid-market rates without hidden fees or markups.
Popular IQD Conversions
The most searched currency conversions involving IQD include major global currencies like USD, EUR, GBP, and regional currencies relevant to Iraq. Use the popular pairs section above for quick access to these conversions.
Frequently Asked Questions
What currency is used in Iraq?
Iraq uses IQD as its official currency.
How do I convert IQD to other currencies?
Use the currency converter above to convert IQD to any of 174 world currencies. Simply enter the amount, select your target currency, and click Convert to see the real-time exchange rate.
Where can I exchange money in Iraq?
You can exchange money at banks, official currency exchange bureaus, airports, and some hotels in Iraq. For better rates, consider using ATMs or online money transfer services before your trip.
Is it better to exchange money before traveling to Iraq?
It's generally better to exchange a small amount before traveling for immediate expenses, then use ATMs in Iraq for better exchange rates. Avoid airport exchanges which often have 5-10% worse rates than banks.
What is the best way to send money to Iraq?
The best ways to send money to Iraq include online money transfer services like Wise, Western Union, or Remitly which offer competitive rates (0.5-2% fees vs 3-5% at banks). Bank wire transfers are secure but expensive. Always compare the total cost including fees and exchange rate markup.
How often do IQD exchange rates change?
IQD exchange rates change continuously during forex trading hours (24/5, Monday-Friday). Rates on MarketsHost update every hour at the top of the hour to reflect current mid-market rates from global financial markets.
Are currency converter rates the same as bank rates in Iraq?
No. The mid-market rates shown here are typically 2-4% better than bank rates. Banks add a markup as their profit margin. For example, if the mid-market rate is 1 USD = 88 IQD, a bank might offer 1 USD = 85 IQD (3.4% worse).
Can I use this converter for business transactions involving IQD?
Yes, this converter is ideal for reference in business transactions involving IQD. However, always confirm the final rate with your payment provider as businesses may face different rates, additional fees, or special corporate rates depending on transaction volume.
What factors affect IQD exchange rates?
IQD exchange rates are influenced by economic indicators (GDP growth, inflation, employment), central bank monetary policy and interest rates, political stability, trade balance, foreign investment flows, and global market sentiment. Major economic announcements can cause rapid rate fluctuations.
How much IQD can I carry when traveling?
Currency carrying limits vary by country and travel direction. When traveling to Iraq, check customs regulations for declaration requirements (often around $10,000 USD equivalent). When leaving, check both Iraq's export limits and your destination country's import limits. Always declare amounts exceeding the threshold to avoid penalties.