2023 BHD to CVE Historical Review

YEARLY HIGH

279.6975 CVE

YEARLY LOW

259.9730 CVE

YEARLY AVERAGE

270.9302 CVE

2023 BHD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 279.6975. Conversely, the yearly low was recorded on July 18, dropping to 259.9730.

This high-to-low spread represents a total annual volatility of 19.7245 CVE. From a start-to-finish perspective, comparing the January average rate of 271.8989 to the December average rate of 268.3144, the exchange rate registered a net change of -1.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 279.6975 was down 9.76% compared to the 2022 peak of 309.9574, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,398,488 CVE

2022 Average 1,394,088 CVE

Yearly Trough Low 1,299,865 CVE

Transaction Impact: A difference of 98,622.36 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

278.3616

263.8330

JanuMarcMayJulySeptNove

BHD to CVE 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 271.1916, compared to 270.6688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5228 points.

H1 Avg (Jan–Jun) 271.1916

H2 Avg (Jul–Dec) 270.6688

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 11.7749 CVE (High: 278.3000 / Low: 266.5252). On the other end, October was the most stable month, with a tight range of 4.5906 CVE (High: 279.6975 / Low: 275.1070).

November Spread (Volatile) ±11.7749

October Spread (Stable) ±4.5906

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 6.3372 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -6.3372

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 277.1509) against the same month in 2022 (average: 298.9258), the exchange rate shifted by -21.7749 (-7.28%).

2023 Avg (October) 277.1509

2022 Avg (October) 298.9258

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	278.1078	268.9506	271.8989
February	277.2565	267.6319	273.6450
March	277.5200	268.4506	273.6602
April	269.7305	264.6941	267.3231
May	274.0911	265.6493	269.7756
June	278.0239	267.2567	270.8467
July	269.9241	259.9730	265.0437
August	270.7218	265.2127	268.1634
September	277.8884	269.6715	274.0123
October	279.6975	275.1070	277.1509
November	278.3000	266.5252	271.3278
December	274.2195	264.1192	268.3144