2023 BGN to IQD Historical Review

YEARLY HIGH

826.0103 IQD

YEARLY LOW

700.9892 IQD

YEARLY AVERAGE

751.8789 IQD

2023 BGN to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 826.0103. Conversely, the yearly low was recorded on October 3, dropping to 700.9892.

This high-to-low spread represents a total annual volatility of 125.0211 IQD. From a start-to-finish perspective, comparing the January average rate of 804.8339 to the December average rate of 731.7921, the exchange rate registered a net change of -9.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 826.0103 was down 3.42% compared to the 2022 peak of 855.2879, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BGN based on timing:

Yearly Peak High 4,130,052 IQD

2022 Average 3,932,093 IQD

Yearly Trough Low 3,504,946 IQD

Transaction Impact: A difference of 625,105.57 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

824.7979

696.4990

JanuMarcMayJulySeptNove

BGN to IQD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 779.1594, compared to 724.5983 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 54.5611 points.

H1 Avg (Jan–Jun) 779.1594

H2 Avg (Jul–Dec) 724.5983

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 106.7845 IQD (High: 822.6564 / Low: 715.8719). On the other end, October was the most stable month, with a tight range of 13.3507 IQD (High: 714.3399 / Low: 700.9892).

May Spread (Volatile) ±106.7845

October Spread (Stable) ±13.3507

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 80.9853 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -80.9853

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 814.1064) against the same month in 2022 (average: 808.0802), the exchange rate shifted by +6.0262 (+0.75%).

2023 Avg (April) 814.1064

2022 Avg (April) 808.0802

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	814.0091	785.7981	804.8339
February	814.6936	787.4101	798.5147
March	813.8446	787.4318	798.2891
April	826.0103	739.3118	814.1064
May	822.6564	715.8719	733.1211
June	735.8174	716.2593	726.0914
July	752.3391	726.1789	739.8915
August	740.8381	722.9680	730.4805
September	723.7121	703.9080	714.8602
October	714.3399	700.9892	707.1906
November	735.8204	708.2901	723.3752
December	743.6065	720.6046	731.7921