2023 MMK to IQD Historical Review

YEARLY HIGH

0.7050 IQD

YEARLY LOW

0.6189 IQD

YEARLY AVERAGE

0.6476 IQD

2023 MMK to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.7050. Conversely, the yearly low was recorded on July 8, dropping to 0.6189.

This high-to-low spread represents a total annual volatility of 0.0861 IQD. From a start-to-finish perspective, comparing the January average rate of 0.6951 to the December average rate of 0.6235, the exchange rate registered a net change of -10.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7050 was down 14.45% compared to the 2022 peak of 0.8241, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,525 IQD

2022 Average 3,803 IQD

Yearly Trough Low 3,095 IQD

Transaction Impact: A difference of 430.46 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7023

0.6163

JanuMarcMayJulySeptNove

MMK 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 0.6715, compared to 0.6237 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0478 points.

H1 Avg (Jan–Jun) 0.6715

H2 Avg (Jul–Dec) 0.6237

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0770 IQD (High: 0.7050 / Low: 0.6280). On the other end, January was the most stable month, with a tight range of 0.0009 IQD (High: 0.6957 / Low: 0.6948).

April Spread (Volatile) ±0.0770

January Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0631 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0631

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.6916) against the same month in 2022 (average: 0.7956), the exchange rate shifted by -0.1039 (-13.06%).

2023 Avg (April) 0.6916

2022 Avg (April) 0.7956

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6957	0.6948	0.6951
February	0.7015	0.6886	0.6950
March	0.6967	0.6936	0.6951
April	0.7050	0.6280	0.6916
May	0.6967	0.6233	0.6285
June	0.6256	0.6199	0.6237
July	0.6298	0.6189	0.6239
August	0.6285	0.6190	0.6237
September	0.6243	0.6232	0.6237
October	0.6246	0.6230	0.6239
November	0.6248	0.6191	0.6235
December	0.6239	0.6206	0.6235