2023 TRY to IQD Historical Review

YEARLY HIGH

78.2570 IQD

YEARLY LOW

44.3209 IQD

YEARLY AVERAGE

59.4435 IQD

2023 TRY to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 78.2570. Conversely, the yearly low was recorded on December 28, dropping to 44.3209.

This high-to-low spread represents a total annual volatility of 33.9361 IQD. From a start-to-finish perspective, comparing the January average rate of 77.7224 to the December average rate of 45.0418, the exchange rate registered a net change of -42.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 78.2570 was down 29.99% compared to the 2022 peak of 111.7746, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 3,912,848 IQD

2022 Average 4,467,155 IQD

Yearly Trough Low 2,216,043 IQD

Transaction Impact: A difference of 1,696,805.25 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

80.9905

41.7738

JanuMarcMayJulySeptNove

TRY 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 71.5201, compared to 47.3669 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 24.1532 points.

H1 Avg (Jan–Jun) 71.5201

H2 Avg (Jul–Dec) 47.3669

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 12.5015 IQD (High: 62.6853 / Low: 50.1838). On the other end, January was the most stable month, with a tight range of 0.7526 IQD (High: 78.1109 / Low: 77.3583).

June Spread (Volatile) ±12.5015

January Spread (Stable) ±0.7526

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 May and June, when the average rate fell by 11.2681 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -11.2681

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 77.4448) against the same month in 2022 (average: 106.9673), the exchange rate shifted by -29.5225 (-27.60%).

2023 Avg (February) 77.4448

2022 Avg (February) 106.9673

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	78.1109	77.3583	77.7224
February	78.2570	76.8221	77.4448
March	77.5859	75.6577	76.7153
April	76.1281	67.8060	75.0123
May	75.0188	63.0919	66.7470
June	62.6853	50.1838	55.4789
July	50.5553	48.4699	49.4412
August	50.5452	48.1245	48.6622
September	49.0521	47.6965	48.4846
October	47.7266	46.2103	46.9450
November	46.2291	45.2398	45.6268
December	45.4762	44.3209	45.0418