2023 BRL to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BRL to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BRL to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 297.3705. Conversely, the yearly low was recorded on October 5, dropping to 252.8546.
This high-to-low spread represents a total annual volatility of 44.5159 IQD. From a start-to-finish perspective, comparing the January average rate of 281.4625 to the December average rate of 267.6634, the exchange rate registered a net change of -4.90% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 297.3705 was down 6.38% compared to the 2022 peak of 317.6485, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 BRL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BRL 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 277.9135, compared to 266.2585 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 11.6550 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 37.5073 IQD (High: 297.3705 / Low: 259.8633). On the other end, November was the most stable month, with a tight range of 5.9841 IQD (High: 269.7446 / Low: 263.7605).
Growth Streaks & Declines
TrendsBetween May and July, 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 24.2573 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 289.3651) against the same month in 2022 (average: 308.0883), the exchange rate shifted by -18.7233 (-6.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 288.3506 | 266.4404 | 281.4625 |
| February | 289.0155 | 275.6006 | 281.8608 |
| March | 288.3495 | 272.5836 | 279.7434 |
| April | 297.3705 | 259.8633 | 289.3651 |
| May | 292.6204 | 259.0195 | 265.1077 |
| June | 274.9723 | 261.1238 | 269.9418 |
| July | 277.2838 | 266.3166 | 272.7326 |
| August | 273.3568 | 262.5884 | 266.8668 |
| September | 269.8027 | 259.8481 | 264.8031 |
| October | 262.7130 | 252.8546 | 258.6272 |
| November | 269.7446 | 263.7605 | 266.8582 |
| December | 272.0608 | 263.8112 | 267.6634 |