2023 GMD to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GMD to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GMD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 24.3703. Conversely, the yearly low was recorded on November 18, dropping to 19.3848.
This high-to-low spread represents a total annual volatility of 4.9855 IQD. From a start-to-finish perspective, comparing the January average rate of 23.5343 to the December average rate of 19.4600, the exchange rate registered a net change of -17.31% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 24.3703 was down 12.17% compared to the 2022 peak of 27.7471, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GMD 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 23.1204, compared to 20.6208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4996 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 3.1797 IQD (High: 24.3703 / Low: 21.1906). On the other end, July was the most stable month, with a tight range of 0.2016 IQD (High: 22.0019 / Low: 21.8003).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.3916 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 23.4622) against the same month in 2022 (average: 27.0861), the exchange rate shifted by -3.6239 (-13.38%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.8648 | 23.3744 | 23.5343 |
| February | 24.1488 | 23.6545 | 23.8919 |
| March | 23.9348 | 23.3996 | 23.7453 |
| April | 24.3703 | 21.1906 | 23.4622 |
| May | 24.3536 | 21.7602 | 22.0706 |
| June | 22.0966 | 21.8808 | 22.0180 |
| July | 22.0019 | 21.8003 | 21.9405 |
| August | 21.8604 | 21.5168 | 21.6177 |
| September | 21.6921 | 20.1350 | 21.2016 |
| October | 20.3797 | 19.8189 | 19.9526 |
| November | 20.1319 | 19.3848 | 19.5522 |
| December | 19.6401 | 19.4252 | 19.4600 |