2023 BHD to GBP Historical Review

YEARLY HIGH

2.2431 GBP

YEARLY LOW

2.0202 GBP

YEARLY AVERAGE

2.1348 GBP

2023 BHD to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 2.2431. Conversely, the yearly low was recorded on July 13, dropping to 2.0202.

This high-to-low spread represents a total annual volatility of 0.2228 GBP. From a start-to-finish perspective, comparing the January average rate of 2.1671 to the December average rate of 2.0939, the exchange rate registered a net change of -3.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2431 was down 9.30% compared to the 2022 peak of 2.4731, 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 11,215 GBP

2022 Average 10,763 GBP

Yearly Trough Low 10,101 GBP

Transaction Impact: A difference of 1,114.14 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2147

2.0477

JanuMarcMayJulySeptNove

BHD to GBP 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 2.1527, compared to 2.1169 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0358 points.

H1 Avg (Jan–Jun) 2.1527

H2 Avg (Jul–Dec) 2.1169

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1016 GBP (High: 2.2431 / Low: 2.1415). On the other end, August was the most stable month, with a tight range of 0.0334 GBP (High: 2.1065 / Low: 2.0731).

March Spread (Volatile) ±0.1016

August Spread (Stable) ±0.0334

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 0.0545 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0545

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.1876) against the same month in 2022 (average: 2.0148), the exchange rate shifted by +0.1727 (+8.57%).

2023 Avg (March) 2.1876

2022 Avg (March) 2.0148

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2271	2.1365	2.1671
February	2.2280	2.1411	2.2008
March	2.2431	2.1415	2.1876
April	2.1610	2.1096	2.1330
May	2.1534	2.0989	2.1270
June	2.1368	2.0666	2.1006
July	2.1028	2.0202	2.0616
August	2.1065	2.0731	2.0882
September	2.1861	2.1013	2.1422
October	2.1965	2.1537	2.1796
November	2.1768	2.0873	2.1356
December	2.1143	2.0727	2.0939