2023 FJD to IQD Historical Review

YEARLY HIGH

678.4072 IQD

YEARLY LOW

568.0258 IQD

YEARLY AVERAGE

610.1223 IQD

2023 FJD to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 28, valuing the pair at 678.4072. Conversely, the yearly low was recorded on November 13, dropping to 568.0258.

This high-to-low spread represents a total annual volatility of 110.3814 IQD. From a start-to-finish perspective, comparing the January average rate of 670.2254 to the December average rate of 591.6632, the exchange rate registered a net change of -11.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 678.4072 was down 3.48% compared to the 2022 peak of 702.8309, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,392,036 IQD

2022 Average 3,336,937 IQD

Yearly Trough Low 2,840,129 IQD

Transaction Impact: A difference of 551,906.76 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

679.8637

564.2042

JanuMarcMayJulySeptNove

FJD 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 638.3135, compared to 581.9311 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 56.3824 points.

H1 Avg (Jan–Jun) 638.3135

H2 Avg (Jul–Dec) 581.9311

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 78.0085 IQD (High: 659.6235 / Low: 581.6149). On the other end, October was the most stable month, with a tight range of 9.2092 IQD (High: 579.6435 / Low: 570.4343).

May Spread (Volatile) ±78.0085

October Spread (Stable) ±9.2092

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 62.6259 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -62.6259

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 670.2254) against the same month in 2022 (average: 685.0862), the exchange rate shifted by -14.8607 (-2.17%).

2023 Avg (January) 670.2254

2022 Avg (January) 685.0862

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	678.4072	657.2464	670.2254
February	677.5886	653.0657	665.3883
March	662.2547	649.1347	657.1786
April	665.3157	588.2171	655.6386
May	659.6235	581.6149	593.0127
June	596.1778	579.2986	588.4372
July	600.8092	578.9938	590.0478
August	590.6936	570.0102	580.5487
September	579.7476	570.0721	576.6434
October	579.6435	570.4343	573.8425
November	588.1934	568.0258	578.8407
December	598.2234	584.8707	591.6632