2023 XCD to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 XCD to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the XCD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 545.0695. Conversely, the yearly low was recorded on November 4, dropping to 480.7688.
This high-to-low spread represents a total annual volatility of 64.3007 IQD. From a start-to-finish perspective, comparing the January average rate of 540.1182 to the December average rate of 484.9776, the exchange rate registered a net change of -10.21% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 545.0695 was up 0.21% compared to the 2022 peak of 543.9253, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XCD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
XCD 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 521.5407, compared to 484.4445 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 37.0961 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 57.3874 IQD (High: 540.6005 / Low: 483.2132). On the other end, January was the most stable month, with a tight range of 2.3201 IQD (High: 540.5548 / Low: 538.2347).
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 48.7052 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 540.1475) against the same month in 2022 (average: 540.0206), the exchange rate shifted by +0.1270 (+0.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 540.5548 | 538.2347 | 540.1182 |
| February | 545.0695 | 535.2261 | 540.1475 |
| March | 540.6078 | 532.4883 | 539.3478 |
| April | 540.6005 | 486.9325 | 536.8705 |
| May | 540.6005 | 483.2132 | 488.1652 |
| June | 486.1855 | 481.7328 | 484.5947 |
| July | 485.2135 | 480.9683 | 484.2108 |
| August | 488.4480 | 481.1130 | 484.6104 |
| September | 485.6261 | 482.8453 | 484.5556 |
| October | 485.4464 | 482.5897 | 484.4131 |
| November | 485.0256 | 480.7688 | 483.8996 |
| December | 487.3578 | 484.3205 | 484.9776 |