2023 IQD to ISK Historical Review

YEARLY HIGH

0.1098 ISK

YEARLY LOW

0.0923 ISK

YEARLY AVERAGE

0.1016 ISK

2023 IQD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 0.1098. Conversely, the yearly low was recorded on April 13, dropping to 0.0923.

This high-to-low spread represents a total annual volatility of 0.0174 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0979 to the December average rate of 0.1052, the exchange rate registered a net change of 7.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1098 was up 7.69% compared to the 2022 peak of 0.1019, 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 549 ISK

2022 Average 463 ISK

Yearly Trough Low 462 ISK

Transaction Impact: A difference of 87.13 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1082

0.0929

JanuMarcMayJulySeptNove

IQD to ISK 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 0.0994, compared to 0.1039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 0.0994

H2 Avg (Jul–Dec) 0.1039

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0142 ISK (High: 0.1076 / Low: 0.0933). On the other end, October was the most stable month, with a tight range of 0.0018 ISK (High: 0.1068 / Low: 0.1050).

May Spread (Volatile) ±0.0142

October Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between August and November, 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 0.0039 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.1070) against the same month in 2022 (average: 0.0988), the exchange rate shifted by +0.0082 (+8.29%).

2023 Avg (November) 0.1070

2022 Avg (November) 0.0988

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0991	0.0966	0.0979
February	0.0996	0.0955	0.0980
March	0.0976	0.0930	0.0960
April	0.1035	0.0923	0.0941
May	0.1076	0.0933	0.1050
June	0.1077	0.1027	0.1053
July	0.1047	0.0996	0.1014
August	0.1014	0.0995	0.1007
September	0.1052	0.1007	0.1033
October	0.1068	0.1050	0.1059
November	0.1098	0.1046	0.1070
December	0.1068	0.1036	0.1052