2023 MZN to IQD Historical Review

YEARLY HIGH

23.0529 IQD

YEARLY LOW

20.3334 IQD

YEARLY AVERAGE

21.2830 IQD

2023 MZN to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 23.0529. Conversely, the yearly low was recorded on November 4, dropping to 20.3334.

This high-to-low spread represents a total annual volatility of 2.7195 IQD. From a start-to-finish perspective, comparing the January average rate of 22.8489 to the December average rate of 20.5189, the exchange rate registered a net change of -10.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 23.0529 was up 0.21% compared to the 2022 peak of 23.0045, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 115,264 IQD

2022 Average 114,284 IQD

Yearly Trough Low 101,667 IQD

Transaction Impact: A difference of 13,597.49 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

23.0864

20.2363

JanuMarcMayJulySeptNove

MZN 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 22.0632, compared to 20.5027 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5605 points.

H1 Avg (Jan–Jun) 22.0632

H2 Avg (Jul–Dec) 20.5027

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 2.4290 IQD (High: 22.8818 / Low: 20.4527). On the other end, January was the most stable month, with a tight range of 0.0932 IQD (High: 22.8748 / Low: 22.7816).

May Spread (Volatile) ±2.4290

January Spread (Stable) ±0.0932

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 2.0601 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -2.0601

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 22.8434) against the same month in 2022 (average: 22.8604), the exchange rate shifted by -0.0170 (-0.07%).

2023 Avg (February) 22.8434

2022 Avg (February) 22.8604

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.8748	22.7816	22.8489
February	23.0529	22.6365	22.8434
March	22.8821	22.5208	22.8169
April	22.8818	20.5940	22.7156
May	22.8818	20.4527	20.6556
June	20.5625	20.3741	20.4987
July	20.6840	20.3577	20.5173
August	20.6808	20.3559	20.5107
September	20.5468	20.4132	20.4968
October	20.5956	20.4104	20.4989
November	20.5295	20.3334	20.4738
December	20.6201	20.4864	20.5189