2023 BBD to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BBD to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BBD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 736.5389. Conversely, the yearly low was recorded on November 4, dropping to 649.6509.
This high-to-low spread represents a total annual volatility of 86.8879 IQD. From a start-to-finish perspective, comparing the January average rate of 729.8483 to the December average rate of 655.3382, the exchange rate registered a net change of -10.21% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 736.5389 was up 0.21% compared to the 2022 peak of 734.9926, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BBD 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 704.7449, compared to 654.6178 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 50.1271 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 77.5461 IQD (High: 730.5000 / Low: 652.9539). On the other end, January was the most stable month, with a tight range of 3.1351 IQD (High: 730.4381 / Low: 727.3030).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 65.8142 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 729.8879) against the same month in 2022 (average: 729.7163), the exchange rate shifted by +0.1716 (+0.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 730.4381 | 727.3030 | 729.8483 |
| February | 736.5389 | 723.2377 | 729.8879 |
| March | 730.5098 | 719.5382 | 728.8072 |
| April | 730.5000 | 657.9797 | 725.4596 |
| May | 730.5000 | 652.9539 | 659.6454 |
| June | 656.9704 | 650.9535 | 654.8207 |
| July | 655.6568 | 649.9205 | 654.3019 |
| August | 660.0275 | 650.1160 | 654.8419 |
| September | 656.2144 | 652.4568 | 654.7678 |
| October | 655.9715 | 652.1114 | 654.5754 |
| November | 655.4030 | 649.6509 | 653.8814 |
| December | 658.5544 | 654.4502 | 655.3382 |