2023 JOD to IQD Historical Review

YEARLY HIGH

2076.5121 IQD

YEARLY LOW

1831.8086 IQD

YEARLY AVERAGE

1916.6669 IQD

2023 JOD to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 2076.5121. Conversely, the yearly low was recorded on November 4, dropping to 1831.8086.

This high-to-low spread represents a total annual volatility of 244.7036 IQD. From a start-to-finish perspective, comparing the January average rate of 2057.5841 to the December average rate of 1847.5003, the exchange rate registered a net change of -10.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2076.5121 was up 0.15% compared to the 2022 peak of 2073.3219, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 JOD based on timing:

Yearly Peak High 10,382,561 IQD

2022 Average 10,293,291 IQD

Yearly Trough Low 9,159,043 IQD

Transaction Impact: A difference of 1,223,517.90 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2078.9767

1822.2666

JanuMarcMayJulySeptNove

JOD to IQD 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 1986.7613, compared to 1846.5726 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 140.1887 points.

H1 Avg (Jan–Jun) 1986.7613

H2 Avg (Jul–Dec) 1846.5726

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 218.6245 IQD (High: 2059.4869 / Low: 1840.8623). On the other end, January was the most stable month, with a tight range of 8.8400 IQD (High: 2059.6028 / Low: 2050.7628).

May Spread (Volatile) ±218.6245

January Spread (Stable) ±8.8400

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 185.7664 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -185.7664

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2057.5550) against the same month in 2022 (average: 2058.3862), the exchange rate shifted by -0.8312 (-0.04%).

2023 Avg (February) 2057.5550

2022 Avg (February) 2058.3862

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2059.6028	2050.7628	2057.5841
February	2076.5121	2037.2892	2057.5550
March	2059.4869	2027.1536	2054.4259
April	2059.7772	1855.0315	2045.3347
May	2059.4869	1840.8623	1859.5683
June	1852.4471	1834.9642	1846.0997
July	1849.3802	1832.3104	1845.1751
August	1864.2212	1836.2265	1849.8190
September	1851.8355	1839.9798	1847.9403
October	1848.8487	1837.9689	1845.3416
November	1848.0275	1831.8086	1843.6591
December	1856.6518	1844.8182	1847.5003