2023 MUR to IQD Historical Review

YEARLY HIGH

33.4632 IQD

YEARLY LOW

28.1101 IQD

YEARLY AVERAGE

30.1412 IQD

2023 MUR to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 33.4632. Conversely, the yearly low was recorded on September 4, dropping to 28.1101.

This high-to-low spread represents a total annual volatility of 5.3532 IQD. From a start-to-finish perspective, comparing the January average rate of 33.0823 to the December average rate of 29.6909, the exchange rate registered a net change of -10.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 33.4632 was down 2.38% compared to the 2022 peak of 34.2807, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 167,316 IQD

2022 Average 165,026 IQD

Yearly Trough Low 140,550 IQD

Transaction Impact: A difference of 26,765.81 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

33.5209

28.2573

JanuMarcMayJulySeptNove

MUR 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 31.0459, compared to 29.2366 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8093 points.

H1 Avg (Jan–Jun) 31.0459

H2 Avg (Jul–Dec) 29.2366

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 3.9149 IQD (High: 32.5036 / Low: 28.5888). On the other end, October was the most stable month, with a tight range of 0.2281 IQD (High: 29.6311 / Low: 29.4031).

May Spread (Volatile) ±3.9149

October Spread (Stable) ±0.2281

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 3.0958 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -3.0958

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 33.0823) against the same month in 2022 (average: 33.4245), the exchange rate shifted by -0.3422 (-1.02%).

2023 Avg (January) 33.0823

2022 Avg (January) 33.4245

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.4632	32.3343	33.0823
February	33.0178	31.3104	31.9313
March	32.1232	30.8525	31.3787
April	32.5530	29.1464	32.1415
May	32.5036	28.5888	29.0457
June	28.9178	28.3683	28.6959
July	28.9594	28.3060	28.7168
August	29.0865	28.3987	28.7910
September	29.4576	28.1101	29.1127
October	29.6311	29.4031	29.5348
November	29.7075	29.1539	29.5735
December	29.9139	29.3377	29.6909