2023 IQD to MZN Historical Review

YEARLY HIGH

0.0492 MZN

YEARLY LOW

0.0434 MZN

YEARLY AVERAGE

0.0471 MZN

2023 IQD to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.0492. Conversely, the yearly low was recorded on February 5, dropping to 0.0434.

This high-to-low spread represents a total annual volatility of 0.0058 MZN. From a start-to-finish perspective, comparing the January average rate of 0.0438 to the December average rate of 0.0487, the exchange rate registered a net change of 11.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0492 was up 11.01% compared to the 2022 peak of 0.0443, 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 246 MZN

2022 Average 219 MZN

Yearly Trough Low 217 MZN

Transaction Impact: A difference of 29.01 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0494

0.0433

JanuMarcMayJulySeptNove

IQD to MZN 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 0.0454, compared to 0.0488 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.0454

H2 Avg (Jul–Dec) 0.0488

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0052 MZN (High: 0.0489 / Low: 0.0437). On the other end, January was the most stable month, with a tight range of 0.0002 MZN (High: 0.0439 / Low: 0.0437).

May Spread (Volatile) ±0.0052

January Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0001 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0488) against the same month in 2022 (average: 0.0438), the exchange rate shifted by +0.0051 (+11.54%).

2023 Avg (November) 0.0488

2022 Avg (November) 0.0438

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0439	0.0437	0.0438
February	0.0442	0.0434	0.0438
March	0.0444	0.0437	0.0438
April	0.0486	0.0437	0.0441
May	0.0489	0.0437	0.0484
June	0.0491	0.0486	0.0488
July	0.0491	0.0483	0.0487
August	0.0491	0.0484	0.0488
September	0.0490	0.0487	0.0488
October	0.0490	0.0486	0.0488
November	0.0492	0.0487	0.0488
December	0.0488	0.0485	0.0487