2023 IQD to TRY Historical Review

YEARLY HIGH

0.0226 TRY

YEARLY LOW

0.0128 TRY

YEARLY AVERAGE

0.0177 TRY

2023 IQD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0226. Conversely, the yearly low was recorded on February 4, dropping to 0.0128.

This high-to-low spread represents a total annual volatility of 0.0098 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0129 to the December average rate of 0.0222, the exchange rate registered a net change of 72.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0226 was up 74.93% compared to the 2022 peak of 0.0129, 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 113 TRY

2022 Average 57 TRY

Yearly Trough Low 64 TRY

Transaction Impact: A difference of 48.92 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0231

0.0119

JanuMarcMayJulySeptNove

IQD to TRY 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 0.0142, compared to 0.0211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0069 points.

H1 Avg (Jan–Jun) 0.0142

H2 Avg (Jul–Dec) 0.0211

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0040 TRY (High: 0.0199 / Low: 0.0160). On the other end, January was the most stable month, with a tight range of 0.0001 TRY (High: 0.0129 / Low: 0.0128).

June Spread (Volatile) ±0.0040

January Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0222) against the same month in 2022 (average: 0.0128), the exchange rate shifted by +0.0094 (+73.82%).

2023 Avg (December) 0.0222

2022 Avg (December) 0.0128

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0129	0.0128	0.0129
February	0.0130	0.0128	0.0129
March	0.0132	0.0129	0.0130
April	0.0147	0.0131	0.0133
May	0.0158	0.0133	0.0150
June	0.0199	0.0160	0.0181
July	0.0206	0.0198	0.0202
August	0.0208	0.0198	0.0206
September	0.0210	0.0204	0.0206
October	0.0216	0.0210	0.0213
November	0.0221	0.0216	0.0219
December	0.0226	0.0220	0.0222