2023 MXN to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 81.3809. Conversely, the yearly low was recorded on October 25, dropping to 71.4170.
This high-to-low spread represents a total annual volatility of 9.9639 IQD. From a start-to-finish perspective, comparing the January average rate of 76.9809 to the December average rate of 76.3578, the exchange rate registered a net change of -0.81% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 81.3809 was up 6.75% compared to the 2022 peak of 76.2357, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MXN 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 77.5624, compared to 75.6980 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8643 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 8.4943 IQD (High: 81.3809 / Low: 72.8865). On the other end, June was the most stable month, with a tight range of 2.1284 IQD (High: 76.7267 / Low: 74.5983).
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 5.8877 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 74.4168) against the same month in 2022 (average: 72.9676), the exchange rate shifted by +1.4492 (+1.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 78.3039 | 74.8820 | 76.9809 |
| February | 79.7181 | 76.1345 | 78.5077 |
| March | 81.3350 | 76.0853 | 79.2170 |
| April | 81.1724 | 73.0555 | 80.3044 |
| May | 81.3809 | 72.8865 | 74.4168 |
| June | 76.7267 | 74.5983 | 75.9475 |
| July | 78.4920 | 75.8053 | 77.3471 |
| August | 78.3082 | 75.5625 | 77.1067 |
| September | 76.7359 | 74.0910 | 75.7160 |
| October | 75.3532 | 71.4170 | 72.3871 |
| November | 76.5323 | 73.5745 | 75.2736 |
| December | 77.3975 | 74.9754 | 76.3578 |