2023 CNY to IQD Historical Review

YEARLY HIGH

217.8129 IQD

YEARLY LOW

177.9865 IQD

YEARLY AVERAGE

192.5409 IQD

2023 CNY to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 217.8129. Conversely, the yearly low was recorded on November 3, dropping to 177.9865.

This high-to-low spread represents a total annual volatility of 39.8264 IQD. From a start-to-finish perspective, comparing the January average rate of 214.9382 to the December average rate of 184.1282, the exchange rate registered a net change of -14.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 217.8129 was down 6.17% compared to the 2022 peak of 232.1296, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 5,445,323 IQD

2022 Average 5,433,166 IQD

Yearly Trough Low 4,449,664 IQD

Transaction Impact: A difference of 995,659.27 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

218.4753

176.0298

JanuMarcMayJulySeptNove

CNY 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 203.7159, compared to 181.3659 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 22.3499 points.

H1 Avg (Jan–Jun) 203.7159

H2 Avg (Jul–Dec) 181.3659

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 27.2125 IQD (High: 211.3685 / Low: 184.1560). On the other end, September was the most stable month, with a tight range of 2.2649 IQD (High: 180.6661 / Low: 178.4012).

May Spread (Volatile) ±27.2125

September Spread (Stable) ±2.2649

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 21.8731 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -21.8731

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 214.9382) against the same month in 2022 (average: 229.6172), the exchange rate shifted by -14.6791 (-6.39%).

2023 Avg (January) 214.9382

2022 Avg (January) 229.6172

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	217.8129	211.1264	214.9382
February	217.4263	209.6940	213.3184
March	213.7630	208.9497	211.4757
April	212.7009	190.8183	210.6857
May	211.3685	184.1560	188.8126
June	185.4565	180.5975	183.0648
July	184.4370	179.4735	182.0932
August	183.1045	179.4150	180.9098
September	180.6661	178.4012	179.5669
October	182.8849	178.6381	179.9681
November	185.0317	177.9865	181.5295
December	186.0192	182.5285	184.1282