2023 BHD to FJD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BHD to FJD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BHD to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 6.1171. Conversely, the yearly low was recorded on January 25, dropping to 5.7079.
This high-to-low spread represents a total annual volatility of 0.4092 FJD. From a start-to-finish perspective, comparing the January average rate of 5.7784 to the December average rate of 5.8754, the exchange rate registered a net change of 1.68% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 6.1171 was down 1.29% compared to the 2022 peak of 6.1968, 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 FJD 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 5.8634, compared to 5.9701 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1067 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 0.2122 FJD (High: 6.1171 / Low: 5.9049). On the other end, March was the most stable month, with a tight range of 0.0923 FJD (High: 5.9441 / Low: 5.8517).
Growth Streaks & Declines
TrendsBetween 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 November and December, when the average rate fell by 0.1205 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 5.9959) against the same month in 2022 (average: 5.9542), the exchange rate shifted by +0.0417 (+0.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.8974 | 5.7079 | 5.7784 |
| February | 5.9097 | 5.7462 | 5.8251 |
| March | 5.9441 | 5.8517 | 5.8892 |
| April | 5.9607 | 5.8239 | 5.8753 |
| May | 5.9752 | 5.8166 | 5.9041 |
| June | 6.0106 | 5.8273 | 5.9081 |
| July | 5.9751 | 5.7835 | 5.8885 |
| August | 6.0917 | 5.8834 | 5.9836 |
| September | 6.0990 | 5.9946 | 6.0255 |
| October | 6.0948 | 5.9927 | 6.0518 |
| November | 6.1171 | 5.9049 | 5.9959 |
| December | 5.9420 | 5.8091 | 5.8754 |