2023 SCR to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SCR to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SCR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 113.0515. Conversely, the yearly low was recorded on July 21, dropping to 92.4506.
This high-to-low spread represents a total annual volatility of 20.6009 IQD. From a start-to-finish perspective, comparing the January average rate of 107.8418 to the December average rate of 97.5893, the exchange rate registered a net change of -9.51% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 113.0515 was down 1.52% compared to the 2022 peak of 114.7957, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SCR 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 104.1258, compared to 98.2247 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.9011 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 18.0304 IQD (High: 111.1222 / Low: 93.0918). On the other end, August was the most stable month, with a tight range of 3.7598 IQD (High: 99.6363 / Low: 95.8765).
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 9.6494 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 107.8418) against the same month in 2022 (average: 106.1315), the exchange rate shifted by +1.7103 (+1.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 113.0515 | 103.2415 | 107.8418 |
| February | 112.0883 | 103.0379 | 107.7779 |
| March | 112.3090 | 103.7382 | 108.3506 |
| April | 113.0493 | 99.4226 | 107.4136 |
| May | 111.1222 | 93.0918 | 97.7642 |
| June | 99.7960 | 92.4874 | 95.6067 |
| July | 100.6241 | 92.4506 | 97.9500 |
| August | 99.6363 | 95.8765 | 97.9436 |
| September | 102.9261 | 96.1431 | 99.6809 |
| October | 102.8062 | 94.9324 | 98.2685 |
| November | 100.5268 | 95.1586 | 97.9158 |
| December | 101.5321 | 93.7114 | 97.5893 |