2023 AFN to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AFN to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AFN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 18.9699. Conversely, the yearly low was recorded on May 11, dropping to 14.7410.
This high-to-low spread represents a total annual volatility of 4.2288 IQD. From a start-to-finish perspective, comparing the January average rate of 16.4283 to the December average rate of 18.7379, the exchange rate registered a net change of 14.06% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 18.9699 was up 10.85% compared to the 2022 peak of 17.1137, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AFN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AFN to IQD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 16.0477, compared to 16.9702 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9224 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 2.2052 IQD (High: 16.9462 / Low: 14.7410). On the other end, December was the most stable month, with a tight range of 0.3890 IQD (High: 18.9163 / Low: 18.5273).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.6665 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 18.3140) against the same month in 2022 (average: 16.5911), the exchange rate shifted by +1.7229 (+10.38%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.6524 | 16.2105 | 16.4283 |
| February | 16.6289 | 16.0642 | 16.2835 |
| March | 17.0658 | 16.3116 | 16.6397 |
| April | 16.9932 | 15.2897 | 16.7483 |
| May | 16.9462 | 14.7410 | 15.0818 |
| June | 15.3731 | 14.9640 | 15.1048 |
| July | 15.3341 | 14.8754 | 15.1078 |
| August | 16.1286 | 15.1252 | 15.5157 |
| September | 17.8654 | 16.0774 | 16.8099 |
| October | 17.8590 | 16.7114 | 17.3359 |
| November | 18.9699 | 17.5772 | 18.3140 |
| December | 18.9163 | 18.5273 | 18.7379 |