2023 IQD to BGN Historical Review

YEARLY HIGH

0.0014 BGN

YEARLY LOW

0.0012 BGN

YEARLY AVERAGE

0.0013 BGN

2023 IQD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0014. Conversely, the yearly low was recorded on April 13, dropping to 0.0012.

This high-to-low spread represents a total annual volatility of 0.0002 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0012 to the December average rate of 0.0014, the exchange rate registered a net change of 9.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0014 was up 2.09% compared to the 2022 peak of 0.0014, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7 BGN

2022 Average 6 BGN

Yearly Trough Low 6 BGN

Transaction Impact: A difference of 1.08 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0014

0.0012

JanuMarcMayJulySeptNove

IQD to BGN 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 0.0013, compared to 0.0014 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0013

H2 Avg (Jul–Dec) 0.0014

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0002 BGN (High: 0.0014 / Low: 0.0012). On the other end, October was the most stable month, with a tight range of 0.0000 BGN (High: 0.0014 / Low: 0.0014).

May Spread (Volatile) ±0.0002

October Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0000 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0014) against the same month in 2022 (average: 0.0014), the exchange rate shifted by +0.0001 (+3.78%).

2023 Avg (October) 0.0014

2022 Avg (October) 0.0014

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0013	0.0012	0.0012
February	0.0013	0.0012	0.0013
March	0.0013	0.0012	0.0013
April	0.0014	0.0012	0.0012
May	0.0014	0.0012	0.0014
June	0.0014	0.0014	0.0014
July	0.0014	0.0013	0.0014
August	0.0014	0.0013	0.0014
September	0.0014	0.0014	0.0014
October	0.0014	0.0014	0.0014
November	0.0014	0.0014	0.0014
December	0.0014	0.0013	0.0014