2023 IQD to GHS Historical Review

YEARLY HIGH

0.0092 GHS

YEARLY LOW

0.0057 GHS

YEARLY AVERAGE

0.0086 GHS

2023 IQD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.0092. Conversely, the yearly low was recorded on January 1, dropping to 0.0057.

This high-to-low spread represents a total annual volatility of 0.0035 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0078 to the December average rate of 0.0092, the exchange rate registered a net change of 16.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0092 was down 8.20% compared to the 2022 peak of 0.0100, 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 46 GHS

2022 Average 31 GHS

Yearly Trough Low 29 GHS

Transaction Impact: A difference of 17.39 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0093

0.0077

JanuMarcMayJulySeptNove

IQD to GHS 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 0.0083, compared to 0.0089 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) 0.0083

H2 Avg (Jul–Dec) 0.0089

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0028 GHS (High: 0.0086 / Low: 0.0057). On the other end, December was the most stable month, with a tight range of 0.0001 GHS (High: 0.0092 / Low: 0.0091).

January Spread (Volatile) ±0.0028

December Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 0.0006 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0092) against the same month in 2022 (average: 0.0076), the exchange rate shifted by +0.0016 (+20.36%).

2023 Avg (December) 0.0092

2022 Avg (December) 0.0076

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0086	0.0057	0.0078
February	0.0088	0.0083	0.0086
March	0.0088	0.0080	0.0085
April	0.0090	0.0074	0.0079
May	0.0090	0.0081	0.0086
June	0.0088	0.0085	0.0086
July	0.0089	0.0086	0.0087
August	0.0087	0.0085	0.0086
September	0.0089	0.0087	0.0088
October	0.0091	0.0089	0.0090
November	0.0092	0.0091	0.0091
December	0.0092	0.0091	0.0092