2023 TOP to IQD Historical Review

YEARLY HIGH

637.1581 IQD

YEARLY LOW

540.7915 IQD

YEARLY AVERAGE

575.7232 IQD

2023 TOP to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 637.1581. Conversely, the yearly low was recorded on November 4, dropping to 540.7915.

This high-to-low spread represents a total annual volatility of 96.3666 IQD. From a start-to-finish perspective, comparing the January average rate of 626.6198 to the December average rate of 557.7775, the exchange rate registered a net change of -10.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 637.1581 was down 2.11% compared to the 2022 peak of 650.9183, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,185,791 IQD

2022 Average 3,132,962 IQD

Yearly Trough Low 2,703,957 IQD

Transaction Impact: A difference of 481,833.22 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

634.6723

538.0415

JanuMarcMayJulySeptNove

TOP 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 600.0748, compared to 551.3715 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 48.7033 points.

H1 Avg (Jan–Jun) 600.0748

H2 Avg (Jul–Dec) 551.3715

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 67.9454 IQD (High: 617.9018 / Low: 549.9564). On the other end, September was the most stable month, with a tight range of 4.0636 IQD (High: 549.7054 / Low: 545.6418).

May Spread (Volatile) ±67.9454

September Spread (Stable) ±4.0636

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 57.2863 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -57.2863

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 624.6096) against the same month in 2022 (average: 643.7134), the exchange rate shifted by -19.1037 (-2.97%).

2023 Avg (February) 624.6096

2022 Avg (February) 643.7134

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	632.0089	620.2624	626.6198
February	637.1581	617.9670	624.6096
March	622.2002	609.7613	618.0066
April	623.2901	557.5945	616.5528
May	617.9018	549.9564	559.2665
June	560.5553	549.8516	555.3935
July	563.1219	549.4283	557.3057
August	557.6075	546.4545	550.7000
September	549.7054	545.6418	547.6674
October	550.0162	542.2176	546.0941
November	555.7851	540.7915	548.6844
December	562.7124	553.8687	557.7775