2023 BIF to IQD Historical Review

YEARLY HIGH

0.7113 IQD

YEARLY LOW

0.4571 IQD

YEARLY AVERAGE

0.5504 IQD

2023 BIF to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.7113. Conversely, the yearly low was recorded on July 8, dropping to 0.4571.

This high-to-low spread represents a total annual volatility of 0.2542 IQD. From a start-to-finish perspective, comparing the January average rate of 0.7055 to the December average rate of 0.4598, the exchange rate registered a net change of -34.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7113 was down 3.63% compared to the 2022 peak of 0.7381, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,556 IQD

2022 Average 3,574 IQD

Yearly Trough Low 2,286 IQD

Transaction Impact: A difference of 1,270.81 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7301

0.4352

JanuMarcMayJulySeptNove

BIF 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 0.6394, compared to 0.4613 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1781 points.

H1 Avg (Jan–Jun) 0.6394

H2 Avg (Jul–Dec) 0.4613

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.2384 IQD (High: 0.7024 / Low: 0.4640). On the other end, November was the most stable month, with a tight range of 0.0017 IQD (High: 0.4614 / Low: 0.4596).

May Spread (Volatile) ±0.2384

November Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

No 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 0.1335 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.1335

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.7041) against the same month in 2022 (average: 0.7270), the exchange rate shifted by -0.0229 (-3.15%).

2023 Avg (February) 0.7041

2022 Avg (February) 0.7270

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7085	0.7036	0.7055
February	0.7113	0.6988	0.7041
March	0.7049	0.7001	0.7020
April	0.7088	0.6333	0.6978
May	0.7024	0.4640	0.5643
June	0.4651	0.4584	0.4629
July	0.4654	0.4571	0.4625
August	0.4658	0.4589	0.4621
September	0.4627	0.4600	0.4618
October	0.4624	0.4588	0.4612
November	0.4614	0.4596	0.4605
December	0.4613	0.4580	0.4598