2023 IQD to ETB Historical Review

YEARLY HIGH

0.0431 ETB

YEARLY LOW

0.0364 ETB

YEARLY AVERAGE

0.0404 ETB

2023 IQD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.0431. Conversely, the yearly low was recorded on February 4, dropping to 0.0364.

This high-to-low spread represents a total annual volatility of 0.0066 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0367 to the December average rate of 0.0428, the exchange rate registered a net change of 16.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0431 was up 17.22% compared to the 2022 peak of 0.0367, 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 215 ETB

2022 Average 178 ETB

Yearly Trough Low 182 ETB

Transaction Impact: A difference of 33.09 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0435

0.0361

JanuMarcMayJulySeptNove

IQD to ETB 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 0.0384, compared to 0.0423 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.0384

H2 Avg (Jul–Dec) 0.0423

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0047 ETB (High: 0.0417 / Low: 0.0371). On the other end, September was the most stable month, with a tight range of 0.0002 ETB (High: 0.0422 / Low: 0.0421).

May Spread (Volatile) ±0.0047

September Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0428) against the same month in 2022 (average: 0.0367), the exchange rate shifted by +0.0062 (+16.87%).

2023 Avg (December) 0.0428

2022 Avg (December) 0.0367

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0368	0.0366	0.0367
February	0.0371	0.0364	0.0368
March	0.0370	0.0368	0.0369
April	0.0413	0.0367	0.0374
May	0.0417	0.0371	0.0412
June	0.0419	0.0415	0.0417
July	0.0420	0.0417	0.0419
August	0.0422	0.0418	0.0421
September	0.0422	0.0421	0.0422
October	0.0428	0.0423	0.0425
November	0.0429	0.0424	0.0426
December	0.0431	0.0424	0.0428