2023 MVR to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 95.9660. Conversely, the yearly low was recorded on November 5, dropping to 84.2902.
This high-to-low spread represents a total annual volatility of 11.6757 IQD. From a start-to-finish perspective, comparing the January average rate of 94.8831 to the December average rate of 85.2590, the exchange rate registered a net change of -10.14% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 95.9660 was up 0.40% compared to the 2022 peak of 95.5810, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MVR 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 91.7622, compared to 85.1173 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.6448 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 10.0972 IQD (High: 95.1172 / Low: 85.0200). On the other end, December was the most stable month, with a tight range of 0.5323 IQD (High: 85.5265 / Low: 84.9943).
Growth Streaks & Declines
TrendsBetween September and December, 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 8.5001 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 95.0766) against the same month in 2022 (average: 94.4694), the exchange rate shifted by +0.6073 (+0.64%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 95.1707 | 94.4549 | 94.8831 |
| February | 95.9660 | 94.1716 | 95.0766 |
| March | 95.1747 | 93.4465 | 94.8064 |
| April | 95.1172 | 85.6744 | 94.4752 |
| May | 95.1172 | 85.0200 | 85.9750 |
| June | 85.6336 | 84.7596 | 85.3568 |
| July | 85.5650 | 84.4601 | 85.1086 |
| August | 86.0307 | 84.7057 | 85.1984 |
| September | 85.2226 | 84.6349 | 84.9416 |
| October | 85.4686 | 84.6898 | 85.0771 |
| November | 85.9060 | 84.2902 | 85.1193 |
| December | 85.5265 | 84.9943 | 85.2590 |