2023 MWK to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MWK to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MWK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 1.4412. Conversely, the yearly low was recorded on December 17, dropping to 0.7774.
This high-to-low spread represents a total annual volatility of 0.6639 IQD. From a start-to-finish perspective, comparing the January average rate of 1.4267 to the December average rate of 0.7781, the exchange rate registered a net change of -45.46% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.4412 was down 21.05% compared to the 2022 peak of 1.8256, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MWK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MWK 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 1.3750, compared to 1.0893 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2858 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 0.3975 IQD (High: 1.1751 / Low: 0.7776). On the other end, December was the most stable month, with a tight range of 0.0018 IQD (High: 0.7792 / Low: 0.7774).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.1954 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 1.4267) against the same month in 2022 (average: 1.7882), the exchange rate shifted by -0.3615 (-20.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.4412 | 1.4207 | 1.4267 |
| February | 1.4298 | 1.4200 | 1.4224 |
| March | 1.4353 | 1.3898 | 1.4198 |
| April | 1.4383 | 1.2848 | 1.4164 |
| May | 1.4241 | 1.2726 | 1.2868 |
| June | 1.2881 | 1.2432 | 1.2782 |
| July | 1.2536 | 1.2427 | 1.2447 |
| August | 1.2538 | 1.1998 | 1.2181 |
| September | 1.2478 | 1.1796 | 1.2076 |
| October | 1.2117 | 1.1290 | 1.1412 |
| November | 1.1751 | 0.7776 | 0.9458 |
| December | 0.7792 | 0.7774 | 0.7781 |