2023 SRD to IQD Historical Review

YEARLY HIGH

46.2877 IQD

YEARLY LOW

33.9311 IQD

YEARLY AVERAGE

37.3972 IQD

2023 SRD to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 46.2877. Conversely, the yearly low was recorded on July 31, dropping to 33.9311.

This high-to-low spread represents a total annual volatility of 12.3566 IQD. From a start-to-finish perspective, comparing the January average rate of 45.8822 to the December average rate of 35.0818, the exchange rate registered a net change of -23.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 46.2877 was down 35.67% compared to the 2022 peak of 71.9542, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 231,439 IQD

2022 Average 308,539 IQD

Yearly Trough Low 169,656 IQD

Transaction Impact: A difference of 61,782.94 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

47.0512

33.0231

JanuMarcMayJulySeptNove

SRD 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 40.3465, compared to 34.4478 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.8986 points.

H1 Avg (Jan–Jun) 40.3465

H2 Avg (Jul–Dec) 34.4478

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 5.5747 IQD (High: 40.8631 / Low: 35.2885). On the other end, October was the most stable month, with a tight range of 0.3864 IQD (High: 34.4800 / Low: 34.0936).

April Spread (Volatile) ±5.5747

October Spread (Stable) ±0.3864

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 4.1303 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.1303

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 45.8822) against the same month in 2022 (average: 68.9812), the exchange rate shifted by -23.0990 (-33.49%).

2023 Avg (January) 45.8822

2022 Avg (January) 68.9812

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	46.2877	45.0151	45.8822
February	45.6287	43.0656	44.5089
March	43.5684	40.4460	42.1566
April	40.8631	35.2885	39.4609
May	39.1689	34.6024	35.3306
June	35.2032	34.1827	34.7395
July	35.4210	33.9311	34.4472
August	34.4015	33.9433	34.2200
September	34.3688	33.9536	34.1921
October	34.4800	34.0936	34.3167
November	34.6685	34.0582	34.4294
December	35.6908	34.6019	35.0818