2023 SYP to IQD Historical Review

YEARLY HIGH

0.5863 IQD

YEARLY LOW

0.5171 IQD

YEARLY AVERAGE

0.5410 IQD

2023 SYP to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SYP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.5863. Conversely, the yearly low was recorded on November 4, dropping to 0.5171.

This high-to-low spread represents a total annual volatility of 0.0692 IQD. From a start-to-finish perspective, comparing the January average rate of 0.5810 to the December average rate of 0.5217, the exchange rate registered a net change of -10.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5863 was up 0.21% compared to the 2022 peak of 0.5851, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,931 IQD

2022 Average 2,905 IQD

Yearly Trough Low 2,586 IQD

Transaction Impact: A difference of 345.82 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5870

0.5144

JanuMarcMayJulySeptNove

SYP 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 0.5610, compared to 0.5211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0399 points.

H1 Avg (Jan–Jun) 0.5610

H2 Avg (Jul–Dec) 0.5211

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0617 IQD (High: 0.5815 / Low: 0.5198). On the other end, January was the most stable month, with a tight range of 0.0025 IQD (High: 0.5814 / Low: 0.5789).

May Spread (Volatile) ±0.0617

January Spread (Stable) ±0.0025

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 0.0524 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0524

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.5810) against the same month in 2022 (average: 0.5810), the exchange rate shifted by +0.0000 (+0.00%).

2023 Avg (February) 0.5810

2022 Avg (February) 0.5810

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5814	0.5789	0.5810
February	0.5863	0.5757	0.5810
March	0.5815	0.5728	0.5801
April	0.5815	0.5238	0.5775
May	0.5815	0.5198	0.5251
June	0.5230	0.5182	0.5212
July	0.5219	0.5173	0.5208
August	0.5254	0.5175	0.5213
September	0.5224	0.5194	0.5212
October	0.5222	0.5191	0.5210
November	0.5217	0.5171	0.5205
December	0.5242	0.5209	0.5217