2023 BHD to GNF Historical Review

YEARLY HIGH

23376.2784 GNF

YEARLY LOW

22627.4231 GNF

YEARLY AVERAGE

22871.4540 GNF

2023 BHD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 3, valuing the pair at 23376.2784. Conversely, the yearly low was recorded on October 7, dropping to 22627.4231.

This high-to-low spread represents a total annual volatility of 748.8553 GNF. From a start-to-finish perspective, comparing the January average rate of 22992.7614 to the December average rate of 22813.4135, the exchange rate registered a net change of -0.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 23376.2784 was down 5.62% compared to the 2022 peak of 24768.3644, 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 116,881,392 GNF

2022 Average 116,800,931 GNF

Yearly Trough Low 113,137,115 GNF

Transaction Impact: A difference of 3,744,276.50 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

23010.6962

22795.4787

JanuMarcMayJulySeptNove

BHD to GNF 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 22915.0481, compared to 22827.8598 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 87.1883 points.

H1 Avg (Jan–Jun) 22915.0481

H2 Avg (Jul–Dec) 22827.8598

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 657.7852 GNF (High: 23376.2784 / Low: 22718.4932). On the other end, December was the most stable month, with a tight range of 185.7090 GNF (High: 22895.7022 / Low: 22709.9932).

March Spread (Volatile) ±657.7852

December Spread (Stable) ±185.7090

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 100.8748 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -100.8748

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 22931.7386) against the same month in 2022 (average: 23729.0199), the exchange rate shifted by -797.2813 (-3.36%).

2023 Avg (March) 22931.7386

2022 Avg (March) 23729.0199

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23338.7702	22821.2832	22992.7614
February	23351.5281	22695.6238	22952.5269
March	23376.2784	22718.4932	22931.7386
April	22971.0459	22731.8557	22830.8638
May	22986.3065	22797.1026	22886.9530
June	23037.5472	22791.6980	22895.4449
July	22967.5083	22732.9906	22850.9598
August	22958.8995	22742.9390	22837.9607
September	22961.7622	22700.8629	22830.1727
October	22960.8485	22627.4231	22814.3795
November	22948.9234	22660.7404	22820.2726
December	22895.7022	22709.9932	22813.4135