2023 BHD to DKK Historical Review

YEARLY HIGH

18.8981 DKK

YEARLY LOW

17.5808 DKK

YEARLY AVERAGE

18.2851 DKK

2023 BHD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 18.8981. Conversely, the yearly low was recorded on July 17, dropping to 17.5808.

This high-to-low spread represents a total annual volatility of 1.3173 DKK. From a start-to-finish perspective, comparing the January average rate of 18.3008 to the December average rate of 18.1093, the exchange rate registered a net change of -1.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.8981 was down 8.08% compared to the 2022 peak of 20.5583, 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 94,491 DKK

2022 Average 93,847 DKK

Yearly Trough Low 87,904 DKK

Transaction Impact: A difference of 6,586.50 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.8165

17.8087

JanuMarcMayJulySeptNove

BHD to DKK 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 18.2897, compared to 18.2805 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0091 points.

H1 Avg (Jan–Jun) 18.2897

H2 Avg (Jul–Dec) 18.2805

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.8719 DKK (High: 18.7885 / Low: 17.9166). On the other end, October was the most stable month, with a tight range of 0.3448 DKK (High: 18.8981 / Low: 18.5533).

February Spread (Volatile) ±0.8719

October Spread (Stable) ±0.3448

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 October and November, when the average rate fell by 0.4382 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4382

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 18.7326) against the same month in 2022 (average: 20.0537), the exchange rate shifted by -1.3211 (-6.59%).

2023 Avg (October) 18.7326

2022 Avg (October) 20.0537

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.7484	18.0682	18.3008
February	18.7885	17.9166	18.4803
March	18.7659	18.1191	18.4669
April	18.3071	17.8781	18.0491
May	18.4688	17.8533	18.2006
June	18.4982	17.9801	18.2403
July	18.2241	17.5808	17.8927
August	18.3043	17.9510	18.1206
September	18.8279	18.3194	18.5338
October	18.8981	18.5533	18.7326
November	18.6962	17.9768	18.2944
December	18.3764	17.8043	18.1093