2023 EUR to IQD Historical Review

YEARLY HIGH

1625.7286 IQD

YEARLY LOW

1371.6060 IQD

YEARLY AVERAGE

1471.1282 IQD

2023 EUR to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 1625.7286. Conversely, the yearly low was recorded on October 3, dropping to 1371.6060.

This high-to-low spread represents a total annual volatility of 254.1226 IQD. From a start-to-finish perspective, comparing the January average rate of 1574.7112 to the December average rate of 1431.7099, the exchange rate registered a net change of -9.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1625.7286 was down 2.82% compared to the 2022 peak of 1672.9503, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,128,643 IQD

2022 Average 7,691,325 IQD

Yearly Trough Low 6,858,030 IQD

Transaction Impact: A difference of 1,270,613.11 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1615.5229

1362.0971

JanuMarcMayJulySeptNove

EUR 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 1524.8432, compared to 1417.4132 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 107.4299 points.

H1 Avg (Jan–Jun) 1524.8432

H2 Avg (Jul–Dec) 1417.4132

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 207.9917 IQD (High: 1608.6446 / Low: 1400.6529). On the other end, October was the most stable month, with a tight range of 25.9360 IQD (High: 1397.5420 / Low: 1371.6060).

May Spread (Volatile) ±207.9917

October Spread (Stable) ±25.9360

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 158.8658 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -158.8658

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 1594.4041) against the same month in 2022 (average: 1579.8305), the exchange rate shifted by +14.5736 (+0.92%).

2023 Avg (April) 1594.4041

2022 Avg (April) 1579.8305

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1594.0181	1536.4789	1574.7112
February	1607.1865	1539.3787	1562.3321
March	1593.1398	1537.0445	1561.8610
April	1625.7286	1444.6714	1594.4041
May	1608.6446	1400.6529	1435.5383
June	1439.8132	1400.7002	1420.2122
July	1472.0974	1420.1064	1447.1330
August	1449.0637	1413.3861	1428.8757
September	1414.1949	1376.8209	1398.4024
October	1397.5420	1371.6060	1383.2159
November	1440.3164	1386.3619	1415.1424
December	1455.1299	1411.0959	1431.7099