2023 IQD to CNY Historical Review

YEARLY HIGH

0.0056 CNY

YEARLY LOW

0.0046 CNY

YEARLY AVERAGE

0.0052 CNY

2023 IQD to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.0056. Conversely, the yearly low was recorded on January 13, dropping to 0.0046.

This high-to-low spread represents a total annual volatility of 0.0010 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0047 to the December average rate of 0.0054, the exchange rate registered a net change of 16.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0056 was up 11.93% compared to the 2022 peak of 0.0050, 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 28 CNY

2022 Average 23 CNY

Yearly Trough Low 23 CNY

Transaction Impact: A difference of 5.14 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0057

0.0046

JanuMarcMayJulySeptNove

IQD to CNY 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 0.0049, compared to 0.0055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0049

H2 Avg (Jul–Dec) 0.0055

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0007 CNY (High: 0.0054 / Low: 0.0047). On the other end, September was the most stable month, with a tight range of 0.0001 CNY (High: 0.0056 / Low: 0.0055).

May Spread (Volatile) ±0.0007

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0001 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0055) against the same month in 2022 (average: 0.0049), the exchange rate shifted by +0.0006 (+12.15%).

2023 Avg (November) 0.0055

2022 Avg (November) 0.0049

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0047	0.0046	0.0047
February	0.0048	0.0046	0.0047
March	0.0048	0.0047	0.0047
April	0.0052	0.0047	0.0047
May	0.0054	0.0047	0.0053
June	0.0055	0.0054	0.0055
July	0.0056	0.0054	0.0055
August	0.0056	0.0055	0.0055
September	0.0056	0.0055	0.0056
October	0.0056	0.0055	0.0056
November	0.0056	0.0054	0.0055
December	0.0055	0.0054	0.0054