2023 IQD to CVE Historical Review

YEARLY HIGH

0.0808 CVE

YEARLY LOW

0.0680 CVE

YEARLY AVERAGE

0.0753 CVE

2023 IQD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.0808. Conversely, the yearly low was recorded on April 15, dropping to 0.0680.

This high-to-low spread represents a total annual volatility of 0.0128 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0702 to the December average rate of 0.0772, the exchange rate registered a net change of 9.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0808 was up 0.92% compared to the 2022 peak of 0.0800, 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 404 CVE

2022 Average 360 CVE

Yearly Trough Low 340 CVE

Transaction Impact: A difference of 63.83 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0808

0.0684

JanuMarcMayJulySeptNove

IQD to CVE 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 0.0727, compared to 0.0779 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 0.0727

H2 Avg (Jul–Dec) 0.0779

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0100 CVE (High: 0.0789 / Low: 0.0688). On the other end, October was the most stable month, with a tight range of 0.0014 CVE (High: 0.0806 / Low: 0.0792).

May Spread (Volatile) ±0.0100

October Spread (Stable) ±0.0014

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 June and July, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0782) against the same month in 2022 (average: 0.0745), the exchange rate shifted by +0.0037 (+4.99%).

2023 Avg (November) 0.0782

2022 Avg (November) 0.0745

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0718	0.0694	0.0702
February	0.0715	0.0691	0.0706
March	0.0717	0.0694	0.0707
April	0.0765	0.0680	0.0694
May	0.0789	0.0688	0.0771
June	0.0800	0.0769	0.0779
July	0.0782	0.0748	0.0763
August	0.0779	0.0761	0.0772
September	0.0800	0.0776	0.0789
October	0.0806	0.0792	0.0798
November	0.0808	0.0768	0.0782
December	0.0789	0.0760	0.0772