2023 IQD to JMD Historical Review

YEARLY HIGH

0.1196 JMD

YEARLY LOW

0.1030 JMD

YEARLY AVERAGE

0.1137 JMD

2023 IQD to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 0.1196. Conversely, the yearly low was recorded on April 3, dropping to 0.1030.

This high-to-low spread represents a total annual volatility of 0.0165 JMD. From a start-to-finish perspective, comparing the January average rate of 0.1047 to the December average rate of 0.1185, the exchange rate registered a net change of 13.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1196 was up 10.94% compared to the 2022 peak of 0.1078, 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 598 JMD

2022 Average 526 JMD

Yearly Trough Low 515 JMD

Transaction Impact: A difference of 82.72 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1202

0.1028

JanuMarcMayJulySeptNove

IQD to JMD 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 0.1091, compared to 0.1183 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0092 points.

H1 Avg (Jan–Jun) 0.1091

H2 Avg (Jul–Dec) 0.1183

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0137 JMD (High: 0.1183 / Low: 0.1046). On the other end, September was the most stable month, with a tight range of 0.0007 JMD (High: 0.1184 / Low: 0.1177).

May Spread (Volatile) ±0.0137

September Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between March and June, 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 February and March, when the average rate fell by 0.0014 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.1188) against the same month in 2022 (average: 0.1054), the exchange rate shifted by +0.0134 (+12.75%).

2023 Avg (November) 0.1188

2022 Avg (November) 0.1054

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1056	0.1034	0.1047
February	0.1067	0.1049	0.1057
March	0.1055	0.1031	0.1042
April	0.1159	0.1030	0.1049
May	0.1183	0.1046	0.1169
June	0.1184	0.1176	0.1180
July	0.1182	0.1168	0.1179
August	0.1187	0.1170	0.1181
September	0.1184	0.1177	0.1180
October	0.1189	0.1179	0.1184
November	0.1196	0.1179	0.1188
December	0.1189	0.1180	0.1185