2023 IQD to NOK Historical Review

YEARLY HIGH

0.0086 NOK

YEARLY LOW

0.0067 NOK

YEARLY AVERAGE

0.0078 NOK

2023 IQD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 0.0086. Conversely, the yearly low was recorded on January 1, dropping to 0.0067.

This high-to-low spread represents a total annual volatility of 0.0019 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0068 to the December average rate of 0.0080, the exchange rate registered a net change of 18.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0086 was up 14.99% compared to the 2022 peak of 0.0075, 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 43 NOK

2022 Average 33 NOK

Yearly Trough Low 34 NOK

Transaction Impact: A difference of 9.34 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0086

0.0066

JanuMarcMayJulySeptNove

IQD to NOK 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 0.0075, compared to 0.0081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0075

H2 Avg (Jul–Dec) 0.0081

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0012 NOK (High: 0.0085 / Low: 0.0074). On the other end, September was the most stable month, with a tight range of 0.0001 NOK (High: 0.0083 / Low: 0.0081).

May Spread (Volatile) ±0.0012

September Spread (Stable) ±0.0001

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

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0083) against the same month in 2022 (average: 0.0069), the exchange rate shifted by +0.0014 (+20.29%).

2023 Avg (November) 0.0083

2022 Avg (November) 0.0069

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0070	0.0067	0.0068
February	0.0072	0.0068	0.0070
March	0.0074	0.0071	0.0072
April	0.0080	0.0070	0.0072
May	0.0085	0.0074	0.0082
June	0.0085	0.0080	0.0082
July	0.0083	0.0076	0.0079
August	0.0082	0.0077	0.0080
September	0.0083	0.0081	0.0082
October	0.0086	0.0082	0.0084
November	0.0086	0.0081	0.0083
December	0.0084	0.0077	0.0080