2023 ILS to IQD Historical Review

YEARLY HIGH

433.8917 IQD

YEARLY LOW

321.2519 IQD

YEARLY AVERAGE

369.8855 IQD

2023 ILS to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 433.8917. Conversely, the yearly low was recorded on October 26, dropping to 321.2519.

This high-to-low spread represents a total annual volatility of 112.6398 IQD. From a start-to-finish perspective, comparing the January average rate of 423.9229 to the December average rate of 357.7564, the exchange rate registered a net change of -15.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 433.8917 was down 8.25% compared to the 2022 peak of 472.9286, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,169,458 IQD

2022 Average 2,176,202 IQD

Yearly Trough Low 1,606,259 IQD

Transaction Impact: A difference of 563,198.89 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

433.3981

319.6955

JanuMarcMayJulySeptNove

ILS 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 392.9496, compared to 346.8214 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 46.1282 points.

H1 Avg (Jan–Jun) 392.9496

H2 Avg (Jul–Dec) 346.8214

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 52.4720 IQD (High: 403.1312 / Low: 350.6592). On the other end, September was the most stable month, with a tight range of 4.7695 IQD (High: 345.0272 / Low: 340.2577).

May Spread (Volatile) ±52.4720

September Spread (Stable) ±4.7695

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 39.7039 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -39.7039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 423.9229) against the same month in 2022 (average: 465.3631), the exchange rate shifted by -41.4402 (-8.90%).

2023 Avg (January) 423.9229

2022 Avg (January) 465.3631

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	433.8917	411.2115	423.9229
February	430.9576	397.6946	412.1034
March	412.2344	393.7242	403.2004
April	408.3391	360.2190	399.2006
May	403.1312	350.6592	359.4967
June	368.5546	349.4507	359.7734
July	365.0155	350.8521	357.0031
August	360.3397	344.2216	349.8056
September	345.0272	340.2577	343.1277
October	344.3517	321.2519	329.1707
November	355.6111	326.2415	344.0649
December	364.2129	351.7001	357.7564