2023 IQD to MXN Historical Review

YEARLY HIGH

0.0140 MXN

YEARLY LOW

0.0123 MXN

YEARLY AVERAGE

0.0131 MXN

2023 IQD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.0140. Conversely, the yearly low was recorded on May 1, dropping to 0.0123.

This high-to-low spread represents a total annual volatility of 0.0017 MXN. From a start-to-finish perspective, comparing the January average rate of 0.0130 to the December average rate of 0.0131, the exchange rate registered a net change of 0.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0140 was down 4.45% compared to the 2022 peak of 0.0147, 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 MXN

2022 Average 69 MXN

Yearly Trough Low 61 MXN

Transaction Impact: A difference of 8.57 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0140

0.0123

JanuMarcMayJulySeptNove

IQD to MXN 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 0.0129, compared to 0.0132 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0129

H2 Avg (Jul–Dec) 0.0132

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0014 MXN (High: 0.0137 / Low: 0.0123). On the other end, June was the most stable month, with a tight range of 0.0004 MXN (High: 0.0134 / Low: 0.0130).

May Spread (Volatile) ±0.0014

June Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0138) against the same month in 2022 (average: 0.0137), the exchange rate shifted by +0.0001 (+0.90%).

2023 Avg (October) 0.0138

2022 Avg (October) 0.0137

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0134	0.0128	0.0130
February	0.0131	0.0125	0.0127
March	0.0131	0.0123	0.0126
April	0.0137	0.0123	0.0125
May	0.0137	0.0123	0.0134
June	0.0134	0.0130	0.0132
July	0.0132	0.0127	0.0129
August	0.0132	0.0128	0.0130
September	0.0135	0.0130	0.0132
October	0.0140	0.0133	0.0138
November	0.0136	0.0131	0.0133
December	0.0133	0.0129	0.0131