2023 TZS to IQD Historical Review

YEARLY HIGH

0.6298 IQD

YEARLY LOW

0.5185 IQD

YEARLY AVERAGE

0.5627 IQD

2023 TZS to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TZS to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.6298. Conversely, the yearly low was recorded on November 18, dropping to 0.5185.

This high-to-low spread represents a total annual volatility of 0.1112 IQD. From a start-to-finish perspective, comparing the January average rate of 0.6254 to the December average rate of 0.5217, the exchange rate registered a net change of -16.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6298 was down 0.85% compared to the 2022 peak of 0.6352, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,149 IQD

2022 Average 3,138 IQD

Yearly Trough Low 2,593 IQD

Transaction Impact: A difference of 556.21 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6358

0.5113

JanuMarcMayJulySeptNove

TZS 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 0.6002, compared to 0.5251 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0751 points.

H1 Avg (Jan–Jun) 0.6002

H2 Avg (Jul–Dec) 0.5251

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0685 IQD (High: 0.6218 / Low: 0.5532). On the other end, January was the most stable month, with a tight range of 0.0038 IQD (High: 0.6264 / Low: 0.6227).

May Spread (Volatile) ±0.0685

January Spread (Stable) ±0.0038

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 0.0596 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0596

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.6250) against the same month in 2022 (average: 0.6307), the exchange rate shifted by -0.0058 (-0.91%).

2023 Avg (February) 0.6250

2022 Avg (February) 0.6307

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6264	0.6227	0.6254
February	0.6298	0.6182	0.6250
March	0.6265	0.6202	0.6244
April	0.6265	0.5597	0.6188
May	0.6218	0.5532	0.5592
June	0.5549	0.5413	0.5486
July	0.5429	0.5324	0.5363
August	0.5344	0.5215	0.5250
September	0.5252	0.5201	0.5227
October	0.5247	0.5196	0.5226
November	0.5246	0.5185	0.5225
December	0.5238	0.5200	0.5217