2023 RWF to IQD Historical Review

YEARLY HIGH

1.3658 IQD

YEARLY LOW

1.0376 IQD

YEARLY AVERAGE

1.1795 IQD

2023 RWF to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 1.3658. Conversely, the yearly low was recorded on December 28, dropping to 1.0376.

This high-to-low spread represents a total annual volatility of 0.3282 IQD. From a start-to-finish perspective, comparing the January average rate of 1.3582 to the December average rate of 1.0452, the exchange rate registered a net change of -23.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.3658 was down 5.31% compared to the 2022 peak of 1.4425, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,829 IQD

2022 Average 7,047 IQD

Yearly Trough Low 5,188 IQD

Transaction Impact: A difference of 1,641.02 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.3895

1.0139

JanuMarcMayJulySeptNove

RWF 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 1.2771, compared to 1.0820 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1951 points.

H1 Avg (Jan–Jun) 1.2771

H2 Avg (Jul–Dec) 1.0820

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.1706 IQD (High: 1.3306 / Low: 1.1599). On the other end, December was the most stable month, with a tight range of 0.0163 IQD (High: 1.0540 / Low: 1.0376).

April Spread (Volatile) ±0.1706

December Spread (Stable) ±0.0163

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 0.1318 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.1318

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.3582) against the same month in 2022 (average: 1.4208), the exchange rate shifted by -0.0626 (-4.41%).

2023 Avg (January) 1.3582

2022 Avg (January) 1.4208

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3658	1.3486	1.3582
February	1.3607	1.3277	1.3436
March	1.3393	1.3139	1.3325
April	1.3306	1.1599	1.3077
May	1.3124	1.1560	1.1760
June	1.1605	1.1123	1.1445
July	1.1297	1.0995	1.1203
August	1.1198	1.0983	1.1072
September	1.1006	1.0724	1.0883
October	1.0793	1.0608	1.0713
November	1.0684	1.0505	1.0595
December	1.0540	1.0376	1.0452