2023 IQD to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 IQD to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the IQD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 6.6574. Conversely, the yearly low was recorded on April 30, dropping to 5.8232.
This high-to-low spread represents a total annual volatility of 0.8343 GNF. From a start-to-finish perspective, comparing the January average rate of 5.9373 to the December average rate of 6.5631, the exchange rate registered a net change of 10.54% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 6.6574 was up 4.09% compared to the 2022 peak of 6.3955, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 IQD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
IQD to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 6.1407, compared to 6.5719 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4312 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 0.7299 GNF (High: 6.6237 / Low: 5.8939). On the other end, December was the most stable month, with a tight range of 0.0386 GNF (High: 6.5719 / Low: 6.5332).
Growth Streaks & Declines
TrendsBetween February and June, 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 January and February, when the average rate fell by 0.0150 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 6.5759) against the same month in 2022 (average: 5.9478), the exchange rate shifted by +0.6281 (+10.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.0278 | 5.8965 | 5.9373 |
| February | 6.0253 | 5.8720 | 5.9222 |
| March | 6.0253 | 5.8852 | 5.9253 |
| April | 6.5178 | 5.8232 | 5.9313 |
| May | 6.6237 | 5.8939 | 6.5421 |
| June | 6.6441 | 6.5618 | 6.5861 |
| July | 6.6547 | 6.5427 | 6.5773 |
| August | 6.6496 | 6.5157 | 6.5750 |
| September | 6.6198 | 6.5474 | 6.5708 |
| October | 6.6031 | 6.5475 | 6.5696 |
| November | 6.6574 | 6.5569 | 6.5759 |
| December | 6.5719 | 6.5332 | 6.5631 |