2023 IQD to ZAR Historical Review

YEARLY HIGH

0.0151 ZAR

YEARLY LOW

0.0115 ZAR

YEARLY AVERAGE

0.0136 ZAR

2023 IQD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.0151. Conversely, the yearly low was recorded on January 12, dropping to 0.0115.

This high-to-low spread represents a total annual volatility of 0.0036 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0117 to the December average rate of 0.0142, the exchange rate registered a net change of 21.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0151 was up 19.43% compared to the 2022 peak of 0.0126, 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 76 ZAR

2022 Average 56 ZAR

Yearly Trough Low 57 ZAR

Transaction Impact: A difference of 18.18 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0148

0.0114

JanuMarcMayJulySeptNove

IQD to ZAR 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 0.0130, compared to 0.0143 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0130

H2 Avg (Jul–Dec) 0.0143

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0025 ZAR (High: 0.0151 / Low: 0.0126). On the other end, September was the most stable month, with a tight range of 0.0004 ZAR (High: 0.0147 / Low: 0.0143).

May Spread (Volatile) ±0.0025

September Spread (Stable) ±0.0004

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

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0145) against the same month in 2022 (average: 0.0109), the exchange rate shifted by +0.0036 (+33.10%).

2023 Avg (May) 0.0145

2022 Avg (May) 0.0109

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0119	0.0115	0.0117
February	0.0126	0.0117	0.0123
March	0.0131	0.0122	0.0125
April	0.0138	0.0122	0.0125
May	0.0151	0.0126	0.0145
June	0.0150	0.0139	0.0143
July	0.0147	0.0134	0.0139
August	0.0146	0.0139	0.0143
September	0.0147	0.0143	0.0145
October	0.0149	0.0142	0.0145
November	0.0144	0.0139	0.0142
December	0.0146	0.0139	0.0142