YEARLY HIGH
0.0141 MDL
YEARLY LOW
0.0122 MDL
YEARLY AVERAGE
0.0133 MDL

2023 IQD to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 8, valuing the pair at 0.0141. Conversely, the yearly low was recorded on April 30, dropping to 0.0122.

This high-to-low spread represents a total annual volatility of 0.0018 MDL. From a start-to-finish perspective, comparing the January average rate of 0.0130 to the December average rate of 0.0134, the exchange rate registered a net change of 3.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0141 was up 4.66% compared to the 2022 peak of 0.0134, 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 70 MDL
2022 Average 65 MDL
Yearly Trough Low 61 MDL
Transaction Impact: A difference of 9.17 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0140
0.0123
JanuMarcMayJulySeptNove

IQD to MDL 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 0.0130, compared to 0.0136 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) 0.0130
H2 Avg (Jul–Dec) 0.0136

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0014 MDL (High: 0.0137 / Low: 0.0123). On the other end, October was the most stable month, with a tight range of 0.0002 MDL (High: 0.0139 / Low: 0.0137).

May Spread (Volatile) ±0.0014
October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 0.0003 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0137) against the same month in 2022 (average: 0.0132), the exchange rate shifted by +0.0005 (+3.66%).

2023 Avg (July) 0.0137
2022 Avg (July) 0.0132

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0132 0.0128 0.0130
February 0.0130 0.0127 0.0129
March 0.0129 0.0125 0.0128
April 0.0136 0.0122 0.0124
May 0.0137 0.0123 0.0135
June 0.0140 0.0135 0.0137
July 0.0141 0.0132 0.0137
August 0.0136 0.0133 0.0135
September 0.0139 0.0136 0.0137
October 0.0139 0.0137 0.0138
November 0.0139 0.0135 0.0136
December 0.0137 0.0132 0.0134