2023 ZAR to IQD Historical Review

YEARLY HIGH

87.1963 IQD

YEARLY LOW

66.2061 IQD

YEARLY AVERAGE

73.8513 IQD

2023 ZAR to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 87.1963. Conversely, the yearly low was recorded on May 25, dropping to 66.2061.

This high-to-low spread represents a total annual volatility of 20.9902 IQD. From a start-to-finish perspective, comparing the January average rate of 85.4842 to the December average rate of 70.4917, the exchange rate registered a net change of -17.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 87.1963 was down 13.41% compared to the 2022 peak of 100.6952, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,359,814 IQD

2022 Average 4,476,702 IQD

Yearly Trough Low 3,310,304 IQD

Transaction Impact: A difference of 1,049,509.18 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

87.1534

67.1233

JanuMarcMayJulySeptNove

ZAR 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 77.6160, compared to 70.0865 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.5295 points.

H1 Avg (Jan–Jun) 77.6160

H2 Avg (Jul–Dec) 70.0865

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 13.1564 IQD (High: 79.3625 / Low: 66.2061). On the other end, September was the most stable month, with a tight range of 1.6787 IQD (High: 69.8516 / Low: 68.1729).

May Spread (Volatile) ±13.1564

September Spread (Stable) ±1.6787

Growth Streaks & Declines

Trends

Between May and July, 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 10.7463 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -10.7463

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 85.4842) against the same month in 2022 (average: 94.1640), the exchange rate shifted by -8.6798 (-9.22%).

2023 Avg (January) 85.4842

2022 Avg (January) 94.1640

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	87.1963	83.8569	85.4842
February	85.6156	79.1743	81.4746
March	82.1550	76.6138	79.7923
April	82.0644	72.4872	79.8808
May	79.3625	66.2061	69.1345
June	72.0505	66.7212	69.9298
July	74.6335	68.1560	71.8916
August	71.6877	68.2745	69.7377
September	69.8516	68.1729	69.0474
October	70.2307	66.9478	68.7925
November	72.0161	69.2745	70.5584
December	71.7564	68.6931	70.4917