2023 IQD to MUR Historical Review

YEARLY HIGH

0.0356 MUR

YEARLY LOW

0.0299 MUR

YEARLY AVERAGE

0.0333 MUR

2023 IQD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 0.0356. Conversely, the yearly low was recorded on January 13, dropping to 0.0299.

This high-to-low spread represents a total annual volatility of 0.0057 MUR. From a start-to-finish perspective, comparing the January average rate of 0.0302 to the December average rate of 0.0337, the exchange rate registered a net change of 11.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0356 was up 11.89% compared to the 2022 peak of 0.0318, 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 178 MUR

2022 Average 152 MUR

Yearly Trough Low 149 MUR

Transaction Impact: A difference of 28.45 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0353

0.0298

JanuMarcMayJulySeptNove

IQD to MUR 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 0.0323, compared to 0.0342 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.0323

H2 Avg (Jul–Dec) 0.0342

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0042 MUR (High: 0.0350 / Low: 0.0308). On the other end, October was the most stable month, with a tight range of 0.0003 MUR (High: 0.0340 / Low: 0.0337).

May Spread (Volatile) ±0.0042

October Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0344) against the same month in 2022 (average: 0.0308), the exchange rate shifted by +0.0036 (+11.56%).

2023 Avg (September) 0.0344

2022 Avg (September) 0.0308

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0309	0.0299	0.0302
February	0.0319	0.0303	0.0313
March	0.0324	0.0311	0.0319
April	0.0343	0.0307	0.0311
May	0.0350	0.0308	0.0345
June	0.0353	0.0346	0.0348
July	0.0353	0.0345	0.0348
August	0.0352	0.0344	0.0347
September	0.0356	0.0339	0.0344
October	0.0340	0.0337	0.0339
November	0.0343	0.0337	0.0338
December	0.0341	0.0334	0.0337