2023 NAD to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NAD to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NAD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 86.8353. Conversely, the yearly low was recorded on October 28, dropping to 64.7059.
This high-to-low spread represents a total annual volatility of 22.1294 IQD. From a start-to-finish perspective, comparing the January average rate of 85.4709 to the December average rate of 70.1598, the exchange rate registered a net change of -17.91% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 86.8353 was down 13.70% compared to the 2022 peak of 100.6159, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NAD 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 77.6474, compared to 69.7090 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.9384 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 13.0203 IQD (High: 79.4342 / Low: 66.4138). On the other end, September was the most stable month, with a tight range of 1.7025 IQD (High: 69.8607 / Low: 68.1582).
Growth Streaks & Declines
TrendsBetween May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 10.6475 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 85.4709) against the same month in 2022 (average: 94.1533), the exchange rate shifted by -8.6824 (-9.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 86.8353 | 84.4516 | 85.4709 |
| February | 86.1953 | 79.2181 | 81.6917 |
| March | 81.6555 | 78.1258 | 79.7543 |
| April | 82.3463 | 72.4248 | 79.8319 |
| May | 79.4342 | 66.4138 | 69.1844 |
| June | 72.0847 | 66.4012 | 69.9512 |
| July | 74.3052 | 68.9571 | 71.7597 |
| August | 71.7660 | 66.0719 | 69.5115 |
| September | 69.8607 | 68.1582 | 69.0217 |
| October | 69.8054 | 64.7059 | 68.0168 |
| November | 71.9759 | 65.4379 | 69.7846 |
| December | 71.9741 | 68.6087 | 70.1598 |