2023 THB to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 THB to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the THB to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 44.7061. Conversely, the yearly low was recorded on October 3, dropping to 35.2991.
This high-to-low spread represents a total annual volatility of 9.4070 IQD. From a start-to-finish perspective, comparing the January average rate of 43.9696 to the December average rate of 37.5554, the exchange rate registered a net change of -14.59% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 44.7061 was down 1.60% compared to the 2022 peak of 45.4352, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 THB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
THB 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 41.3032, compared to 37.0175 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.2857 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 5.2016 IQD (High: 42.8949 / Low: 37.6933). On the other end, October was the most stable month, with a tight range of 1.1515 IQD (High: 36.4506 / Low: 35.2991).
Growth Streaks & Declines
TrendsBetween 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 3.8497 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 43.9696) against the same month in 2022 (average: 43.9216), the exchange rate shifted by +0.0481 (+0.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 44.7061 | 42.1959 | 43.9696 |
| February | 44.5770 | 41.4074 | 42.8602 |
| March | 42.9748 | 41.5772 | 42.3588 |
| April | 43.1500 | 38.2908 | 42.4569 |
| May | 42.8949 | 37.6933 | 38.6072 |
| June | 37.9123 | 36.7521 | 37.5663 |
| July | 38.5034 | 36.8828 | 37.7988 |
| August | 38.2133 | 36.9003 | 37.3764 |
| September | 37.3851 | 35.7349 | 36.5758 |
| October | 36.4506 | 35.2991 | 35.8833 |
| November | 37.7497 | 36.1993 | 36.9153 |
| December | 38.2797 | 36.6949 | 37.5554 |