2023 QAR to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 QAR to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the QAR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 405.9427. Conversely, the yearly low was recorded on August 5, dropping to 356.7080.
This high-to-low spread represents a total annual volatility of 49.2347 IQD. From a start-to-finish perspective, comparing the January average rate of 400.5782 to the December average rate of 359.6186, the exchange rate registered a net change of -10.23% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 405.9427 was up 0.55% compared to the 2022 peak of 403.7312, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 QAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
QAR 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 386.7440, compared to 359.4596 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 27.2844 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 45.5845 IQD (High: 405.9427 / Low: 360.3582). On the other end, October was the most stable month, with a tight range of 1.8560 IQD (High: 360.0605 / Low: 358.2045).
Growth Streaks & Declines
TrendsNo 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 35.6952 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 398.0250) against the same month in 2022 (average: 401.1711), the exchange rate shifted by -3.1461 (-0.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 401.1416 | 398.0693 | 400.5782 |
| February | 401.1261 | 399.1527 | 400.2696 |
| March | 401.2634 | 395.2421 | 399.6984 |
| April | 405.9427 | 360.3582 | 398.0250 |
| May | 401.2374 | 358.6673 | 362.3298 |
| June | 360.2737 | 357.5686 | 359.5632 |
| July | 360.8519 | 357.0011 | 359.4661 |
| August | 362.1761 | 356.7080 | 359.3978 |
| September | 360.4583 | 358.3943 | 359.5747 |
| October | 360.0605 | 358.2045 | 359.3588 |
| November | 360.0856 | 357.8154 | 359.3416 |
| December | 361.7437 | 358.9321 | 359.6186 |