YEARLY HIGH
27.4505 IQD
YEARLY LOW
22.8725 IQD
YEARLY AVERAGE
24.4587 IQD

2023 PHP to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 27.4505. Conversely, the yearly low was recorded on September 26, dropping to 22.8725.

This high-to-low spread represents a total annual volatility of 4.5780 IQD. From a start-to-finish perspective, comparing the January average rate of 26.5741 to the December average rate of 23.6075, the exchange rate registered a net change of -11.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 27.4505 was down 4.20% compared to the 2022 peak of 28.6525, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 6,862,632 IQD
2022 Average 6,710,397 IQD
Yearly Trough Low 5,718,133 IQD
Transaction Impact: A difference of 1,144,499.17 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

26.9918
22.6991
JanuMarcMayJulySeptNove

PHP 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 25.5354, compared to 23.3820 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1534 points.

H1 Avg (Jan–Jun) 25.5354
H2 Avg (Jul–Dec) 23.3820

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 3.4736 IQD (High: 26.8996 / Low: 23.4260). On the other end, October was the most stable month, with a tight range of 0.2110 IQD (High: 23.1431 / Low: 22.9321).

April Spread (Volatile) ±3.4736
October Spread (Stable) ±0.2110

Growth Streaks & Declines

Trends

Between January and March, 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 2.6069 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -2.6069

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 26.6145) against the same month in 2022 (average: 28.4479), the exchange rate shifted by -1.8334 (-6.44%).

2023 Avg (February) 26.6145
2022 Avg (February) 28.4479

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 26.8617 26.0884 26.5741
February 27.4505 26.1374 26.6145
March 26.9920 26.2653 26.6341
April 26.8996 23.4260 26.2649
May 26.3552 23.2394 23.6579
June 23.7522 23.2542 23.4670
July 24.0916 23.4071 23.8349
August 23.8670 23.0344 23.2621
September 23.1671 22.8725 23.0585
October 23.1431 22.9321 23.0568
November 23.7236 23.1052 23.4722
December 23.7107 23.4524 23.6075