2023 IQD to MMK Historical Review

YEARLY HIGH

1.6157 MMK

YEARLY LOW

1.4184 MMK

YEARLY AVERAGE

1.5482 MMK

2023 IQD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 8, valuing the pair at 1.6157. Conversely, the yearly low was recorded on April 30, dropping to 1.4184.

This high-to-low spread represents a total annual volatility of 0.1973 MMK. From a start-to-finish perspective, comparing the January average rate of 1.4387 to the December average rate of 1.6039, the exchange rate registered a net change of 11.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.6157 was up 11.05% compared to the 2022 peak of 1.4549, 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 8,079 MMK

2022 Average 6,607 MMK

Yearly Trough Low 7,092 MMK

Transaction Impact: A difference of 986.54 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.6204

1.4221

JanuMarcMayJulySeptNove

IQD to MMK 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 1.4930, compared to 1.6034 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1103 points.

H1 Avg (Jan–Jun) 1.4930

H2 Avg (Jul–Dec) 1.6034

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.1740 MMK (High: 1.5924 / Low: 1.4184). On the other end, January was the most stable month, with a tight range of 0.0018 MMK (High: 1.4392 / Low: 1.4374).

April Spread (Volatile) ±0.1740

January Spread (Stable) ±0.0018

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 June and July, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.6029) against the same month in 2022 (average: 1.2692), the exchange rate shifted by +0.3336 (+26.28%).

2023 Avg (July) 1.6029

2022 Avg (July) 1.2692

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4392	1.4374	1.4387
February	1.4522	1.4256	1.4388
March	1.4417	1.4353	1.4386
April	1.5924	1.4184	1.4468
May	1.6044	1.4353	1.5922
June	1.6131	1.5985	1.6032
July	1.6157	1.5879	1.6029
August	1.6155	1.5910	1.6034
September	1.6047	1.6017	1.6033
October	1.6051	1.6011	1.6029
November	1.6152	1.6004	1.6039
December	1.6113	1.6027	1.6039