2023 BHD to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BHD to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BHD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 34.2494. Conversely, the yearly low was recorded on January 1, dropping to 22.1604.
This high-to-low spread represents a total annual volatility of 12.0890 GHS. From a start-to-finish perspective, comparing the January average rate of 30.3723 to the December average rate of 31.8823, the exchange rate registered a net change of 4.97% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 34.2494 was down 11.72% compared to the 2022 peak of 38.7957, 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 GHS 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 31.1433, compared to 30.9086 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2347 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 10.9912 GHS (High: 33.1517 / Low: 22.1604). On the other end, December was the most stable month, with a tight range of 0.2239 GHS (High: 31.9617 / Low: 31.7378).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 2.3631 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 33.1495) against the same month in 2022 (average: 17.2709), the exchange rate shifted by +15.8785 (+91.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 33.1517 | 22.1604 | 30.3723 |
| February | 34.2494 | 32.2497 | 33.1495 |
| March | 33.9219 | 30.9379 | 32.7420 |
| April | 31.9443 | 28.5288 | 30.3788 |
| May | 31.4219 | 28.2300 | 30.1573 |
| June | 30.5456 | 29.5928 | 30.0602 |
| July | 30.8319 | 29.9637 | 30.2881 |
| August | 30.3369 | 29.6213 | 29.9104 |
| September | 30.8204 | 30.2562 | 30.4817 |
| October | 31.5602 | 30.7531 | 31.1975 |
| November | 31.8508 | 31.5566 | 31.6916 |
| December | 31.9617 | 31.7378 | 31.8823 |