2023 FKP to IQD Historical Review

YEARLY HIGH

1837.1350 IQD

YEARLY LOW

1582.2037 IQD

YEARLY AVERAGE

1689.5383 IQD

2023 FKP to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 1837.1350. Conversely, the yearly low was recorded on October 3, dropping to 1582.2037.

This high-to-low spread represents a total annual volatility of 254.9314 IQD. From a start-to-finish perspective, comparing the January average rate of 1787.2837 to the December average rate of 1660.1294, the exchange rate registered a net change of -7.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1837.1350 was down 8.26% compared to the 2022 peak of 2002.5527, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,185,675 IQD

2022 Average 9,027,518 IQD

Yearly Trough Low 7,911,018 IQD

Transaction Impact: A difference of 1,274,656.77 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1827.0410

1572.0460

JanuMarcMayJulySeptNove

FKP 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 1737.4666, compared to 1641.6100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 95.8566 points.

H1 Avg (Jan–Jun) 1737.4666

H2 Avg (Jul–Dec) 1641.6100

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 209.5588 IQD (High: 1822.7444 / Low: 1613.1855). On the other end, October was the most stable month, with a tight range of 29.2810 IQD (High: 1611.4847 / Low: 1582.2037).

May Spread (Volatile) ±209.5588

October Spread (Stable) ±29.2810

Growth Streaks & Declines

Trends

Between February and April, 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 159.6902 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -159.6902

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 1805.7914) against the same month in 2022 (average: 1890.5796), the exchange rate shifted by -84.7882 (-4.48%).

2023 Avg (April) 1805.7914

2022 Avg (April) 1890.5796

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1813.6267	1739.3075	1787.2837
February	1807.8382	1742.1348	1761.1201
March	1809.6599	1726.1634	1769.4081
April	1837.1350	1639.3990	1805.7914
May	1822.7444	1613.1855	1646.1012
June	1681.5365	1625.7517	1655.0951
July	1719.6254	1652.3751	1685.3655
August	1679.0769	1646.8359	1663.4395
September	1654.2003	1590.4421	1622.1812
October	1611.4847	1582.2037	1593.2956
November	1663.9830	1592.8766	1625.2488
December	1676.6565	1643.7875	1660.1294