2023 BOB to IQD Historical Review

YEARLY HIGH

213.1838 IQD

YEARLY LOW

188.0858 IQD

YEARLY AVERAGE

196.7900 IQD

2023 BOB to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 213.1838. Conversely, the yearly low was recorded on July 8, dropping to 188.0858.

This high-to-low spread represents a total annual volatility of 25.0980 IQD. From a start-to-finish perspective, comparing the January average rate of 211.2421 to the December average rate of 189.4647, the exchange rate registered a net change of -10.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 213.1838 was down 0.22% compared to the 2022 peak of 213.6447, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,065,919 IQD

2022 Average 1,058,887 IQD

Yearly Trough Low 940,429 IQD

Transaction Impact: A difference of 125,490.22 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

213.4199

187.2870

JanuMarcMayJulySeptNove

BOB 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 204.0473, compared to 189.5328 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.5145 points.

H1 Avg (Jan–Jun) 204.0473

H2 Avg (Jul–Dec) 189.5328

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 22.2997 IQD (High: 211.7125 / Low: 189.4129). On the other end, January was the most stable month, with a tight range of 0.2554 IQD (High: 211.4264 / Low: 211.1710).

May Spread (Volatile) ±22.2997

January Spread (Stable) ±0.2554

Growth Streaks & Declines

Trends

Between August and October, 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 19.0088 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -19.0088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 211.2304) against the same month in 2022 (average: 212.0692), the exchange rate shifted by -0.8388 (-0.40%).

2023 Avg (February) 211.2304

2022 Avg (February) 212.0692

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	211.4264	211.1710	211.2421
February	213.1838	209.2685	211.2304
March	211.7317	210.5877	211.2352
April	212.8971	190.8539	210.0127
May	211.7125	189.4129	191.0038
June	190.1249	188.4021	189.5596
July	191.3914	188.0858	189.5592
August	191.0007	188.1030	189.5389
September	189.7419	189.3809	189.5581
October	189.8251	189.3358	189.5955
November	189.9004	188.1586	189.4800
December	189.6228	188.6151	189.4647