2023 IQD to XOF Historical Review

YEARLY HIGH

0.4782 XOF

YEARLY LOW

0.4035 XOF

YEARLY AVERAGE

0.4471 XOF

2023 IQD to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.4782. Conversely, the yearly low was recorded on April 29, dropping to 0.4035.

This high-to-low spread represents a total annual volatility of 0.0748 XOF. From a start-to-finish perspective, comparing the January average rate of 0.4166 to the December average rate of 0.4582, the exchange rate registered a net change of 9.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4782 was up 2.16% compared to the 2022 peak of 0.4681, 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 2,391 XOF

2022 Average 2,137 XOF

Yearly Trough Low 2,017 XOF

Transaction Impact: A difference of 373.78 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4805

0.4054

JanuMarcMayJulySeptNove

IQD to XOF 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 0.4313, compared to 0.4629 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0317 points.

H1 Avg (Jan–Jun) 0.4313

H2 Avg (Jul–Dec) 0.4629

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0606 XOF (High: 0.4683 / Low: 0.4078). On the other end, October was the most stable month, with a tight range of 0.0089 XOF (High: 0.4782 / Low: 0.4694).

May Spread (Volatile) ±0.0606

October Spread (Stable) ±0.0089

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0106 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0106

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.4742) against the same month in 2022 (average: 0.4570), the exchange rate shifted by +0.0172 (+3.77%).

2023 Avg (October) 0.4742

2022 Avg (October) 0.4570

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4269	0.4115	0.4166
February	0.4261	0.4081	0.4199
March	0.4268	0.4117	0.4200
April	0.4541	0.4035	0.4117
May	0.4683	0.4078	0.4574
June	0.4683	0.4556	0.4619
July	0.4619	0.4456	0.4533
August	0.4641	0.4527	0.4591
September	0.4764	0.4638	0.4691
October	0.4782	0.4694	0.4742
November	0.4731	0.4554	0.4636
December	0.4649	0.4508	0.4582