2023 CAD to IQD Historical Review

YEARLY HIGH

1099.4091 IQD

YEARLY LOW

941.5834 IQD

YEARLY AVERAGE

1006.9767 IQD

2023 CAD to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 1099.4091. Conversely, the yearly low was recorded on October 28, dropping to 941.5834.

This high-to-low spread represents a total annual volatility of 157.8257 IQD. From a start-to-finish perspective, comparing the January average rate of 1087.7228 to the December average rate of 977.4212, the exchange rate registered a net change of -10.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1099.4091 was down 6.22% compared to the 2022 peak of 1172.3416, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,497,045 IQD

2022 Average 5,611,070 IQD

Yearly Trough Low 4,707,917 IQD

Transaction Impact: A difference of 789,128.60 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1101.0870

940.7175

JanuMarcMayJulySeptNove

CAD 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 1045.1163, compared to 968.8371 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 76.2792 points.

H1 Avg (Jan–Jun) 1045.1163

H2 Avg (Jul–Dec) 968.8371

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 122.8339 IQD (High: 1095.0620 / Low: 972.2281). On the other end, September was the most stable month, with a tight range of 17.3567 IQD (High: 974.2237 / Low: 956.8669).

April Spread (Volatile) ±122.8339

September Spread (Stable) ±17.3567

Growth Streaks & Declines

Trends

Between 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 98.2755 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -98.2755

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1084.7626) against the same month in 2022 (average: 1146.7966), the exchange rate shifted by -62.0340 (-5.41%).

2023 Avg (February) 1084.7626

2022 Avg (February) 1146.7966

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1097.4213	1067.7178	1087.7228
February	1099.4091	1069.3181	1084.7626
March	1080.3712	1044.9683	1063.9633
April	1095.0620	972.2281	1073.4503
May	1077.1331	956.1136	975.1748
June	996.4473	972.3187	985.6237
July	998.9025	977.4343	989.1283
August	987.3304	961.9770	971.2655
September	974.2237	956.8669	966.4367
October	966.5224	941.5834	954.6892
November	965.7515	945.7687	954.0816
December	992.6431	963.6959	977.4212