2023 SAR to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SAR to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SAR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 392.6008. Conversely, the yearly low was recorded on November 4, dropping to 346.3368.
This high-to-low spread represents a total annual volatility of 46.2640 IQD. From a start-to-finish perspective, comparing the January average rate of 388.6065 to the December average rate of 349.4197, the exchange rate registered a net change of -10.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 392.6008 was up 0.21% compared to the 2022 peak of 391.7851, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SAR 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 375.6148, compared to 349.0615 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 26.5533 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 41.3755 IQD (High: 389.5894 / Low: 348.2139). On the other end, January was the most stable month, with a tight range of 1.8888 IQD (High: 389.1641 / Low: 387.2753).
Growth Streaks & Declines
TrendsBetween 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 35.0207 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 389.1147) against the same month in 2022 (average: 388.9857), the exchange rate shifted by +0.1290 (+0.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 389.1641 | 387.2753 | 388.6065 |
| February | 392.6008 | 385.9631 | 389.1147 |
| March | 389.2429 | 383.0897 | 388.1992 |
| April | 389.5536 | 350.8490 | 386.7967 |
| May | 389.5894 | 348.2139 | 351.7759 |
| June | 350.3139 | 347.1500 | 349.1958 |
| July | 349.6150 | 346.5338 | 348.8878 |
| August | 351.8342 | 346.6293 | 349.1455 |
| September | 349.9318 | 347.8811 | 349.1549 |
| October | 349.6260 | 347.7199 | 349.0304 |
| November | 349.5002 | 346.3368 | 348.7308 |
| December | 351.1073 | 348.9368 | 349.4197 |