1 IQD to EUR - Convert Iraqi Dinar to Euro

Looking at the 30-day window, the IQD/EUR pair traded in a range of 0.000600 to 0.000700. The monthly average was 0.000696 with 2.62% volatility. This downward movement of 4.1% suggests significant momentum in the IQD/EUR exchange rate.

The current mid-market exchange rate is 1 IQD = 0.000670 EUR, updated as of July 3, 2026, 9:24 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Iraqi Dinar to Euro Exchange Rate

The IQD/EUR exchange rate tells you how many Euro (EUR) you receive for every Iraqi Dinar (IQD). At the current mid-market rate of 1 IQD = 0.000670 EUR, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

What Affects the IQD to EUR Rate

Exchange rates between Iraqi Dinar and Euro are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the IQD/EUR rate fluctuates throughout trading sessions and over longer time periods.

How to Get the Best IQD to EUR Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

Historical IQD/EUR Trends

The IQD/EUR exchange rate has fluctuated over time in response to economic cycles, policy changes, and global events. Reviewing historical charts helps identify whether the current rate is relatively favorable or unfavorable compared to recent averages. The 30-day, 90-day, and 1-year chart views on this page provide visual context for understanding where today's rate sits within the broader trend.

Iraqi Dinar Overview

The Iraqi Dinar (IQD) is the official currency of Iraq. The Central Bank of Iraq manages the currency through a managed float system, with oil exports providing the primary source of foreign exchange. Understanding the fundamentals behind IQD helps contextualize its exchange rate movements against EUR and other currencies.