2023 BHD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BHD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BHD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 7587.7666. Conversely, the yearly low was recorded on January 27, dropping to 5466.0461.
This high-to-low spread represents a total annual volatility of 2121.7206 BIF. From a start-to-finish perspective, comparing the January average rate of 5488.8967 to the December average rate of 7560.4536, the exchange rate registered a net change of 37.74% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 7587.7666 was up 37.43% compared to the 2022 peak of 5521.3129, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BHD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BHD to BIF 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 5980.8248, compared to 7529.5916 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1548.7668 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 1974.8829 BIF (High: 7494.5107 / Low: 5519.6279). On the other end, April was the most stable month, with a tight range of 33.8778 BIF (High: 5536.9515 / Low: 5503.0738).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 7560.4536) against the same month in 2022 (average: 5485.3407), the exchange rate shifted by +2075.1129 (+37.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5502.0771 | 5466.0461 | 5488.8967 |
| February | 5557.9804 | 5482.2901 | 5504.3029 |
| March | 5536.9515 | 5486.4223 | 5512.6321 |
| April | 5536.9515 | 5503.0738 | 5519.9507 |
| May | 7494.5107 | 5519.6279 | 6349.1408 |
| June | 7563.7727 | 7482.7447 | 7510.0257 |
| July | 7548.8478 | 7466.1844 | 7512.0254 |
| August | 7542.1060 | 7485.5585 | 7516.4670 |
| September | 7548.9315 | 7491.8429 | 7524.3294 |
| October | 7555.4789 | 7474.3741 | 7529.0624 |
| November | 7561.2060 | 7469.5853 | 7535.2119 |
| December | 7587.7666 | 7516.4420 | 7560.4536 |