1 IQD to USD - Convert Iraqi Dinar to US Dollar

Looking at the 30-day window, the IQD/USD pair traded in a range of 0.000700 to 0.000800. The monthly average was 0.000773 with 5.63% volatility. This upward movement of 9% suggests significant momentum in the IQD/USD exchange rate.

The current mid-market exchange rate is 1 IQD = 0.000763 USD, updated as of July 3, 2026, 8:33 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 US Dollar Exchange Rate

The IQD/USD exchange rate tells you how many US Dollar (USD) you receive for every Iraqi Dinar (IQD). At the current mid-market rate of 1 IQD = 0.000763 USD, 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.

How to Get the Best IQD to USD 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.

IQD/USD for Travelers and Businesses

Whether you are traveling, sending money internationally, or managing business payments, the IQD to USD rate directly affects your costs. Travelers should compare airport exchange counters, city center bureaux, and card-based options before converting. Businesses managing recurring cross-border payments benefit from setting up rate alerts and locking in favorable rates when they appear. The conversion table on this page helps you quickly reference common amounts.

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 USD and other currencies.

Mid-Market Rate Explained

The mid-market rate of 1 IQD = 0.000763 USD shown on this page is the fairest available exchange rate. It sits exactly between the buy and sell prices quoted by major financial institutions. No single provider can offer exactly the mid-market rate since their business model requires a small spread, but the best providers come within 0.5-1% of this benchmark. Use our rate as your comparison baseline.

Reverse Rate: USD to IQD

The reverse exchange rate is 1 USD = 1,310.62 IQD. This is useful if you are starting with US Dollar and want to know how much Iraqi Dinar you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated USD to IQD converter for the reverse direction.