2023 IQD to NGN Historical Review

YEARLY HIGH

0.6851 NGN

YEARLY LOW

0.3063 NGN

YEARLY AVERAGE

0.4723 NGN

2023 IQD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.6851. Conversely, the yearly low was recorded on January 1, dropping to 0.3063.

This high-to-low spread represents a total annual volatility of 0.3788 NGN. From a start-to-finish perspective, comparing the January average rate of 0.3114 to the December average rate of 0.6181, the exchange rate registered a net change of 98.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6851 was up 122.80% compared to the 2022 peak of 0.3075, 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 3,426 NGN

2022 Average 1,451 NGN

Yearly Trough Low 1,531 NGN

Transaction Impact: A difference of 1,894.20 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6488

0.2808

JanuMarcMayJulySeptNove

IQD to NGN 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 0.3447, compared to 0.5999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2552 points.

H1 Avg (Jan–Jun) 0.3447

H2 Avg (Jul–Dec) 0.5999

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.2769 NGN (High: 0.6282 / Low: 0.3514). On the other end, March was the most stable month, with a tight range of 0.0027 NGN (High: 0.3170 / Low: 0.3143).

June Spread (Volatile) ±0.2769

March Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0078 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0078

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.6181) against the same month in 2022 (average: 0.3050), the exchange rate shifted by +0.3131 (+102.65%).

2023 Avg (December) 0.6181

2022 Avg (December) 0.3050

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3157	0.3063	0.3114
February	0.3184	0.3126	0.3154
March	0.3170	0.3143	0.3154
April	0.3492	0.3141	0.3181
May	0.3542	0.3153	0.3499
June	0.6282	0.3514	0.4578
July	0.6054	0.5802	0.5938
August	0.5939	0.5734	0.5860
September	0.6029	0.5687	0.5911
October	0.6745	0.5813	0.5979
November	0.6315	0.6012	0.6124
December	0.6851	0.5825	0.6181