2023 CVE to IQD Historical Review

YEARLY HIGH

14.7039 IQD

YEARLY LOW

12.3802 IQD

YEARLY AVERAGE

13.3167 IQD

2023 CVE to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 14.7039. Conversely, the yearly low was recorded on November 4, dropping to 12.3802.

This high-to-low spread represents a total annual volatility of 2.3238 IQD. From a start-to-finish perspective, comparing the January average rate of 14.2444 to the December average rate of 12.9566, the exchange rate registered a net change of -9.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.7039 was down 2.83% compared to the 2022 peak of 15.1323, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 73,520 IQD

2022 Average 69,586 IQD

Yearly Trough Low 61,901 IQD

Transaction Impact: A difference of 11,618.75 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.5965

12.3425

JanuMarcMayJulySeptNove

CVE 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 13.7961, compared to 12.8373 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9588 points.

H1 Avg (Jan–Jun) 13.7961

H2 Avg (Jul–Dec) 12.8373

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.8483 IQD (High: 14.5298 / Low: 12.6815). On the other end, October was the most stable month, with a tight range of 0.2211 IQD (High: 12.6305 / Low: 12.4094).

May Spread (Volatile) ±1.8483

October Spread (Stable) ±0.2211

Growth Streaks & Declines

Trends

Between October and December, 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 1.4289 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.4289

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 14.4087) against the same month in 2022 (average: 14.3196), the exchange rate shifted by +0.0891 (+0.62%).

2023 Avg (April) 14.4087

2022 Avg (April) 14.3196

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.4074	13.9288	14.2444
February	14.4667	13.9793	14.1643
March	14.4041	13.9539	14.1432
April	14.7039	13.0773	14.4087
May	14.5298	12.6815	12.9797
June	13.0026	12.5017	12.8362
July	13.3732	12.7843	13.1101
August	13.1407	12.8309	12.9534
September	12.8826	12.5036	12.6808
October	12.6305	12.4094	12.5303
November	13.0290	12.3802	12.7925
December	13.1493	12.6698	12.9566