500,000 IQD · USD
500,000 Iraqi dinars in US dollars today
298.95
USD · Market rate
last 30 days
Use the left and right arrow keys to step through the readings.
US dollar to Iraqi dinar over the last 30 days: from 1,594 to 1,669, up 4.70%.
Market rate
500,000 IQD is 298.95 USD at today’s market rate of 1,673 dinars per USD, read from exchange-office boards in Erbil and Baghdad at 15:59. Office buy is what you receive when you sell dollars; office sell is what you pay to buy them. two office boards.
Why there are two rates
The Central Bank sells dollars to banks at 1,510 dinars. Most people cannot buy at that price, so exchange offices quote their own rate, 1,673 today, and that is the figure on this page. The gap between the two is the premium the street pays for dollars.
Where the rate moves
Boards are read every ten minutes through the trading day, and the time of the last reading is shown above. Erbil and Baghdad usually sit within a few hundred dinars per hundred dollars of each other; the city pages show each one.
Questions
Is this the rate I will get at an exchange office?
Close to it. Offices quote a buy and a sell a few hundred dinars apart per hundred dollars; the market figure here is the midpoint of fresh boards, and the buy and sell are shown separately above.
Why is it different from Google or XE?
They show the official rate of 1,510 dinars per dollar, which almost nobody in Iraq can transact at. This page shows what exchange offices actually quote.
How often is this page updated?
Every reading of the boards updates it, every ten minutes through the trading day. Outside trading hours it shows the last reading and its time.