2023 NZD to IQD Historical Review

YEARLY HIGH

950.8518 IQD

YEARLY LOW

758.8205 IQD

YEARLY AVERAGE

835.6509 IQD

2023 NZD to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 950.8518. Conversely, the yearly low was recorded on October 25, dropping to 758.8205.

This high-to-low spread represents a total annual volatility of 192.0313 IQD. From a start-to-finish perspective, comparing the January average rate of 935.0508 to the December average rate of 816.4045, the exchange rate registered a net change of -12.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 950.8518 was down 6.70% compared to the 2022 peak of 1019.1362, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,754,259 IQD

2022 Average 4,641,238 IQD

Yearly Trough Low 3,794,103 IQD

Transaction Impact: A difference of 960,156.61 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

951.3804

755.4250

JanuMarcMayJulySeptNove

NZD 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 880.0403, compared to 791.2614 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 88.7789 points.

H1 Avg (Jan–Jun) 880.0403

H2 Avg (Jul–Dec) 791.2614

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 120.5947 IQD (High: 909.4610 / Low: 788.8663). On the other end, September was the most stable month, with a tight range of 17.7937 IQD (High: 786.8009 / Low: 769.0072).

May Spread (Volatile) ±120.5947

September Spread (Stable) ±17.7937

Growth Streaks & Declines

Trends

Between 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 82.0746 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -82.0746

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 916.8368) against the same month in 2022 (average: 974.1384), the exchange rate shifted by -57.3016 (-5.88%).

2023 Avg (February) 916.8368

2022 Avg (February) 974.1384

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	948.0978	909.3558	935.0508
February	950.8518	897.3626	916.8368
March	915.9134	889.7361	904.7681
April	923.0122	812.6045	901.0461
May	909.4610	788.8663	818.9715
June	816.5510	791.2574	803.5685
July	837.2013	798.0016	814.4107
August	804.4742	772.7481	784.2654
September	786.8009	769.0072	776.3200
October	791.1947	758.8205	771.7546
November	806.1638	768.4313	784.4133
December	831.5257	802.4874	816.4045