2023 IQD to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 IQD to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the IQD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 1.9285. Conversely, the yearly low was recorded on February 4, dropping to 1.5878.
This high-to-low spread represents a total annual volatility of 0.3406 TZS. From a start-to-finish perspective, comparing the January average rate of 1.5990 to the December average rate of 1.9168, the exchange rate registered a net change of 19.87% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.9285 was up 19.24% compared to the 2022 peak of 1.6173, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 IQD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
IQD to TZS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.6717, compared to 1.9045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2328 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 0.1992 TZS (High: 1.8075 / Low: 1.6083). On the other end, January was the most stable month, with a tight range of 0.0096 TZS (High: 1.6059 / Low: 1.5963).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 1.9139) against the same month in 2022 (average: 1.5975), the exchange rate shifted by +0.3164 (+19.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.6059 | 1.5963 | 1.5990 |
| February | 1.6177 | 1.5878 | 1.6001 |
| March | 1.6123 | 1.5962 | 1.6015 |
| April | 1.7865 | 1.5962 | 1.6171 |
| May | 1.8075 | 1.6083 | 1.7896 |
| June | 1.8473 | 1.8022 | 1.8228 |
| July | 1.8784 | 1.8420 | 1.8649 |
| August | 1.9176 | 1.8714 | 1.9047 |
| September | 1.9227 | 1.9039 | 1.9132 |
| October | 1.9245 | 1.9060 | 1.9137 |
| November | 1.9285 | 1.9064 | 1.9139 |
| December | 1.9233 | 1.9092 | 1.9168 |