2023 RON to IQD Historical Review

YEARLY HIGH

327.3929 IQD

YEARLY LOW

275.6763 IQD

YEARLY AVERAGE

297.2765 IQD

2023 RON to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 327.3929. Conversely, the yearly low was recorded on October 3, dropping to 275.6763.

This high-to-low spread represents a total annual volatility of 51.7166 IQD. From a start-to-finish perspective, comparing the January average rate of 319.5908 to the December average rate of 287.9876, the exchange rate registered a net change of -9.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 327.3929 was down 3.26% compared to the 2022 peak of 338.4410, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,636,964 IQD

2022 Average 1,559,786 IQD

Yearly Trough Low 1,378,381 IQD

Transaction Impact: A difference of 258,582.99 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

326.5283

274.0820

JanuMarcMayJulySeptNove

RON 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 308.7871, compared to 285.7660 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 23.0211 points.

H1 Avg (Jan–Jun) 308.7871

H2 Avg (Jul–Dec) 285.7660

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 43.8038 IQD (High: 326.1234 / Low: 282.3196). On the other end, October was the most stable month, with a tight range of 5.5094 IQD (High: 281.1856 / Low: 275.6763).

May Spread (Volatile) ±43.8038

October Spread (Stable) ±5.5094

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 32.4982 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -32.4982

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 318.2593) against the same month in 2022 (average: 334.7837), the exchange rate shifted by -16.5245 (-4.94%).

2023 Avg (February) 318.2593

2022 Avg (February) 334.7837

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	326.3568	311.6465	319.5908
February	327.3929	312.6874	318.2593
March	322.5027	311.8127	316.8056
April	326.9993	293.0657	322.1578
May	326.1234	282.3196	289.6596
June	290.1202	282.1681	286.2495
July	297.8487	286.2726	292.8635
August	292.9615	286.4187	289.0931
September	285.9398	276.7598	281.5337
October	281.1856	275.6763	278.4526
November	289.7157	278.9907	284.6655
December	292.4995	283.7910	287.9876