2023 INR to IQD Historical Review

YEARLY HIGH

18.0221 IQD

YEARLY LOW

15.6244 IQD

YEARLY AVERAGE

16.4670 IQD

2023 INR to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 18.0221. Conversely, the yearly low was recorded on November 4, dropping to 15.6244.

This high-to-low spread represents a total annual volatility of 2.3978 IQD. From a start-to-finish perspective, comparing the January average rate of 17.8617 to the December average rate of 15.7451, the exchange rate registered a net change of -11.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.0221 was down 8.95% compared to the 2022 peak of 19.7926, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 4,505,528 IQD

2022 Average 4,648,261 IQD

Yearly Trough Low 3,906,089 IQD

Transaction Impact: A difference of 599,439.03 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.0773

15.4901

JanuMarcMayJulySeptNove

INR 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 17.1537, compared to 15.7802 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3735 points.

H1 Avg (Jan–Jun) 17.1537

H2 Avg (Jul–Dec) 15.7802

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 2.0966 IQD (High: 17.8653 / Low: 15.7687). On the other end, October was the most stable month, with a tight range of 0.1308 IQD (High: 15.7999 / Low: 15.6691).

May Spread (Volatile) ±2.0966

October Spread (Stable) ±0.1308

Growth Streaks & Declines

Trends

No 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 1.6772 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.6772

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 17.8617) against the same month in 2022 (average: 19.6006), the exchange rate shifted by -1.7389 (-8.87%).

2023 Avg (January) 17.8617

2022 Avg (January) 19.6006

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.0221	17.6368	17.8617
February	17.8868	17.4665	17.6664
March	17.8736	17.4358	17.7244
April	17.8867	16.0202	17.7047
May	17.8653	15.7687	16.0274
June	15.9999	15.8484	15.9376
July	16.0020	15.7271	15.9214
August	15.9299	15.7093	15.8101
September	15.8395	15.7031	15.7688
October	15.7999	15.6691	15.7302
November	15.7750	15.6244	15.7057
December	15.8608	15.6982	15.7451