2023 NOK to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NOK to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NOK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 149.1531. Conversely, the yearly low was recorded on November 9, dropping to 116.6573.
This high-to-low spread represents a total annual volatility of 32.4958 IQD. From a start-to-finish perspective, comparing the January average rate of 147.0760 to the December average rate of 124.7342, the exchange rate registered a net change of -15.19% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 149.1531 was down 12.40% compared to the 2022 peak of 170.2570, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NOK 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 134.9083, compared to 123.0333 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 11.8751 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 18.7873 IQD (High: 135.9045 / Low: 117.1173). On the other end, September was the most stable month, with a tight range of 2.1797 IQD (High: 123.1420 / Low: 120.9623).
Growth Streaks & Declines
TrendsBetween October and December, 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 16.0597 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 147.0760) against the same month in 2022 (average: 164.8748), the exchange rate shifted by -17.7988 (-10.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 149.1531 | 142.3901 | 147.0760 |
| February | 147.5845 | 139.7202 | 142.4643 |
| March | 140.9676 | 134.4622 | 138.3624 |
| April | 142.1236 | 124.5412 | 138.1154 |
| May | 135.9045 | 117.1173 | 122.0557 |
| June | 124.7455 | 118.1325 | 121.3762 |
| July | 131.6810 | 121.0922 | 127.3319 |
| August | 129.4097 | 122.0773 | 125.0812 |
| September | 123.1420 | 120.9623 | 122.0604 |
| October | 122.3608 | 116.8905 | 119.0206 |
| November | 123.3812 | 116.6573 | 119.9713 |
| December | 129.6784 | 119.4436 | 124.7342 |