2023 EGP to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EGP to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EGP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 59.0610. Conversely, the yearly low was recorded on August 5, dropping to 42.0107.
This high-to-low spread represents a total annual volatility of 17.0503 IQD. From a start-to-finish perspective, comparing the January average rate of 51.2199 to the December average rate of 42.4172, the exchange rate registered a net change of -17.19% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 59.0610 was down 36.79% compared to the 2022 peak of 93.4379, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
EGP 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 46.4409, compared to 42.3805 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.0605 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 10.7052 IQD (High: 59.0610 / Low: 48.3559). On the other end, October was the most stable month, with a tight range of 0.2311 IQD (High: 42.5046 / Low: 42.2736).
Growth Streaks & Declines
TrendsBetween 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 4.2656 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 51.2199) against the same month in 2022 (average: 92.8355), the exchange rate shifted by -41.6156 (-44.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 59.0610 | 48.3559 | 51.2199 |
| February | 48.6726 | 47.3401 | 47.9045 |
| March | 47.6700 | 46.7797 | 47.3120 |
| April | 47.6770 | 42.5859 | 47.0433 |
| May | 47.2622 | 42.2818 | 42.7777 |
| June | 42.5603 | 42.1329 | 42.3883 |
| July | 42.5611 | 42.0661 | 42.3796 |
| August | 42.7200 | 42.0107 | 42.3792 |
| September | 42.4734 | 42.2302 | 42.3822 |
| October | 42.5046 | 42.2736 | 42.3838 |
| November | 42.5090 | 42.0486 | 42.3408 |
| December | 42.6481 | 42.3251 | 42.4172 |