2023 NPR to IQD Historical Review

YEARLY HIGH

11.3113 IQD

YEARLY LOW

9.7435 IQD

YEARLY AVERAGE

10.2947 IQD

2023 NPR to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 11.3113. Conversely, the yearly low was recorded on November 4, dropping to 9.7435.

This high-to-low spread represents a total annual volatility of 1.5678 IQD. From a start-to-finish perspective, comparing the January average rate of 11.1502 to the December average rate of 9.8315, the exchange rate registered a net change of -11.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.3113 was down 8.48% compared to the 2022 peak of 12.3588, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 56,556 IQD

2022 Average 58,122 IQD

Yearly Trough Low 48,718 IQD

Transaction Impact: A difference of 7,838.76 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.2827

9.6919

JanuMarcMayJulySeptNove

NPR 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 10.7221, compared to 9.8672 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8549 points.

H1 Avg (Jan–Jun) 10.7221

H2 Avg (Jul–Dec) 9.8672

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 1.3030 IQD (High: 11.3113 / Low: 10.0083). On the other end, October was the most stable month, with a tight range of 0.0253 IQD (High: 9.8537 / Low: 9.8284).

April Spread (Volatile) ±1.3030

October Spread (Stable) ±0.0253

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 1.0516 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.0516

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 11.0733) against the same month in 2022 (average: 11.9802), the exchange rate shifted by -0.9068 (-7.57%).

2023 Avg (April) 11.0733

2022 Avg (April) 11.9802

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.2400	11.0028	11.1502
February	11.1476	10.9147	11.0465
March	11.1852	11.0213	11.0817
April	11.3113	10.0083	11.0733
May	11.1768	9.8866	10.0217
June	10.0122	9.9027	9.9592
July	10.0077	9.8903	9.9621
August	9.9590	9.8184	9.8849
September	9.8977	9.8330	9.8601
October	9.8537	9.8284	9.8403
November	9.8542	9.7435	9.8245
December	9.8643	9.7918	9.8315