2023 MDL to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 81.8154. Conversely, the yearly low was recorded on July 8, dropping to 71.1400.
This high-to-low spread represents a total annual volatility of 10.6754 IQD. From a start-to-finish perspective, comparing the January average rate of 76.8681 to the December average rate of 74.4515, the exchange rate registered a net change of -3.14% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 81.8154 was down 0.52% compared to the 2022 peak of 82.2414, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MDL to IQD 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 76.8072, compared to 73.3374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.4698 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 8.4079 IQD (High: 81.8154 / Low: 73.4074). On the other end, October was the most stable month, with a tight range of 1.0602 IQD (High: 72.8630 / Low: 71.8028).
Growth Streaks & Declines
TrendsBetween January and April, 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 April and May, when the average rate fell by 6.1866 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 80.4383) against the same month in 2022 (average: 79.3032), the exchange rate shifted by +1.1350 (+1.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 78.0090 | 75.9646 | 76.8681 |
| February | 78.6252 | 77.0394 | 77.7675 |
| March | 79.7740 | 77.3165 | 78.3443 |
| April | 81.8154 | 73.4074 | 80.4383 |
| May | 81.5599 | 73.1682 | 74.2517 |
| June | 73.8878 | 71.5846 | 73.1735 |
| July | 75.7241 | 71.1400 | 73.1477 |
| August | 75.0250 | 73.4745 | 74.0845 |
| September | 73.7397 | 71.7593 | 72.8588 |
| October | 72.8630 | 71.8028 | 72.2049 |
| November | 74.0981 | 72.0459 | 73.2770 |
| December | 75.7361 | 73.0601 | 74.4515 |