2023 IQD to GEL Historical Review

YEARLY HIGH

0.0021 GEL

YEARLY LOW

0.0017 GEL

YEARLY AVERAGE

0.0019 GEL

2023 IQD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.0021. Conversely, the yearly low was recorded on May 2, dropping to 0.0017.

This high-to-low spread represents a total annual volatility of 0.0004 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0018 to the December average rate of 0.0020, the exchange rate registered a net change of 12.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0021 was down 11.56% compared to the 2022 peak of 0.0024, 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 10 GEL

2022 Average 10 GEL

Yearly Trough Low 9 GEL

Transaction Impact: A difference of 1.94 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0021

0.0017

JanuMarcMayJulySeptNove

IQD to GEL 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 0.0018, compared to 0.0020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0018

H2 Avg (Jul–Dec) 0.0020

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0003 GEL (High: 0.0020 / Low: 0.0017). On the other end, October was the most stable month, with a tight range of 0.0000 GEL (High: 0.0021 / Low: 0.0020).

May Spread (Volatile) ±0.0003

October Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0000 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0021) against the same month in 2022 (average: 0.0019), the exchange rate shifted by +0.0002 (+10.76%).

2023 Avg (November) 0.0021

2022 Avg (November) 0.0019

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0018	0.0018	0.0018
February	0.0018	0.0018	0.0018
March	0.0018	0.0017	0.0018
April	0.0019	0.0017	0.0017
May	0.0020	0.0017	0.0019
June	0.0020	0.0020	0.0020
July	0.0020	0.0020	0.0020
August	0.0020	0.0020	0.0020
September	0.0021	0.0020	0.0020
October	0.0021	0.0020	0.0021
November	0.0021	0.0020	0.0021
December	0.0021	0.0020	0.0020