2023 OMR to IQD Historical Review

YEARLY HIGH

3833.7138 IQD

YEARLY LOW

3375.0729 IQD

YEARLY AVERAGE

3531.7477 IQD

2023 OMR to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the OMR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 3833.7138. Conversely, the yearly low was recorded on November 4, dropping to 3375.0729.

This high-to-low spread represents a total annual volatility of 458.6410 IQD. From a start-to-finish perspective, comparing the January average rate of 3791.8015 to the December average rate of 3404.4169, the exchange rate registered a net change of -10.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3833.7138 was up 0.40% compared to the 2022 peak of 3818.3616, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 19,168,569 IQD

2022 Average 18,957,540 IQD

Yearly Trough Low 16,875,364 IQD

Transaction Impact: A difference of 2,293,204.79 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3832.5418

3358.8566

JanuMarcMayJulySeptNove

OMR 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 3662.4087, compared to 3401.0866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 261.3221 points.

H1 Avg (Jan–Jun) 3662.4087

H2 Avg (Jul–Dec) 3401.0866

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 402.5425 IQD (High: 3794.6869 / Low: 3392.1444). On the other end, January was the most stable month, with a tight range of 19.0520 IQD (High: 3797.9465 / Low: 3778.8945).

May Spread (Volatile) ±402.5425

January Spread (Stable) ±19.0520

Growth Streaks & Declines

Trends

Between July and September, 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 342.3129 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -342.3129

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 3793.0680) against the same month in 2022 (average: 3790.7306), the exchange rate shifted by +2.3374 (+0.06%).

2023 Avg (February) 3793.0680

2022 Avg (February) 3790.7306

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3797.9465	3778.8945	3791.8015
February	3833.7138	3757.8694	3793.0680
March	3798.5123	3770.6122	3789.7300
April	3815.9964	3418.1740	3769.7949
May	3794.6869	3392.1444	3427.4820
June	3415.4700	3381.4012	3402.5757
July	3406.2218	3376.1226	3399.6314
August	3428.7678	3377.2259	3401.4497
September	3410.5271	3389.4741	3401.9544
October	3406.7733	3381.7327	3400.7370
November	3405.3011	3375.0729	3398.3304
December	3421.5061	3399.9797	3404.4169