2023 SGD to IQD Historical Review

YEARLY HIGH

1117.9953 IQD

YEARLY LOW

952.1261 IQD

YEARLY AVERAGE

1012.6671 IQD

2023 SGD to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 1117.9953. Conversely, the yearly low was recorded on October 21, dropping to 952.1261.

This high-to-low spread represents a total annual volatility of 165.8692 IQD. From a start-to-finish perspective, comparing the January average rate of 1102.0047 to the December average rate of 984.4830, the exchange rate registered a net change of -10.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1117.9953 was up 2.62% compared to the 2022 peak of 1089.4489, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,589,977 IQD

2022 Average 5,295,753 IQD

Yearly Trough Low 4,760,631 IQD

Transaction Impact: A difference of 829,346.03 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1116.5701

941.7853

JanuMarcMayJulySeptNove

SGD 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 1055.1496, compared to 970.1846 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 84.9651 points.

H1 Avg (Jan–Jun) 1055.1496

H2 Avg (Jul–Dec) 970.1846

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 128.6193 IQD (High: 1095.1326 / Low: 966.5134). On the other end, October was the most stable month, with a tight range of 8.9005 IQD (High: 961.0267 / Low: 952.1261).

May Spread (Volatile) ±128.6193

October Spread (Stable) ±8.9005

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 104.6699 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -104.6699

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1095.1008) against the same month in 2022 (average: 1083.1478), the exchange rate shifted by +11.9530 (+1.10%).

2023 Avg (February) 1095.1008

2022 Avg (February) 1083.1478

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1113.8082	1085.0687	1102.0047
February	1117.9953	1080.5631	1095.1008
March	1100.2335	1072.7380	1087.0817
April	1104.9532	987.3460	1089.3120
May	1095.1326	966.5134	984.6421
June	979.8038	963.0559	972.7565
July	991.0555	962.2397	980.2721
August	981.7160	961.4973	969.4232
September	967.9838	954.6116	960.5257
October	961.0267	952.1261	956.3507
November	983.9186	957.3585	970.0527
December	993.6764	975.3509	984.4830