2023 WST to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 WST to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the WST to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 546.0799. Conversely, the yearly low was recorded on November 4, dropping to 464.0364.
This high-to-low spread represents a total annual volatility of 82.0435 IQD. From a start-to-finish perspective, comparing the January average rate of 541.1194 to the December average rate of 468.0987, the exchange rate registered a net change of -13.49% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 546.0799 was down 4.03% compared to the 2022 peak of 568.9831, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 WST based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
WST 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 519.8916, compared to 475.8455 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 44.0461 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 56.9039 IQD (High: 536.0465 / Low: 479.1425). On the other end, January was the most stable month, with a tight range of 2.3244 IQD (High: 541.5567 / Low: 539.2323).
Growth Streaks & Declines
TrendsNo 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 48.2949 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 541.1487) against the same month in 2022 (average: 557.1669), the exchange rate shifted by -16.0182 (-2.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 541.5567 | 539.2323 | 541.1194 |
| February | 546.0799 | 536.2182 | 541.1487 |
| March | 541.6098 | 533.4753 | 540.1684 |
| April | 536.0465 | 482.8305 | 532.3478 |
| May | 536.0465 | 479.1425 | 484.0529 |
| June | 482.0899 | 477.6747 | 480.5124 |
| July | 482.0566 | 476.9166 | 480.2914 |
| August | 485.5821 | 478.2902 | 481.7671 |
| September | 482.7768 | 480.0124 | 481.7126 |
| October | 482.5981 | 466.8068 | 476.1448 |
| November | 468.1450 | 464.0364 | 467.0581 |
| December | 470.3960 | 467.4644 | 468.0987 |