2023 BHD to HKD Historical Review

YEARLY HIGH

21.1041 HKD

YEARLY LOW

20.6093 HKD

YEARLY AVERAGE

20.7765 HKD

2023 BHD to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 21.1041. Conversely, the yearly low was recorded on December 17, dropping to 20.6093.

This high-to-low spread represents a total annual volatility of 0.4948 HKD. From a start-to-finish perspective, comparing the January average rate of 20.7473 to the December average rate of 20.7116, the exchange rate registered a net change of -0.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.1041 was up 0.74% compared to the 2022 peak of 20.9496, 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 105,521 HKD

2022 Average 103,852 HKD

Yearly Trough Low 103,047 HKD

Transaction Impact: A difference of 2,473.97 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.8527

20.6988

JanuMarcMayJulySeptNove

BHD to HKD 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 20.8076, compared to 20.7454 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0622 points.

H1 Avg (Jan–Jun) 20.8076

H2 Avg (Jul–Dec) 20.7454

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.3044 HKD (High: 21.1041 / Low: 20.7997). On the other end, September was the most stable month, with a tight range of 0.0872 HKD (High: 20.8238 / Low: 20.7366).

March Spread (Volatile) ±0.3044

September Spread (Stable) ±0.0872

Growth Streaks & Declines

Trends

Between January and March, 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 October and November, when the average rate fell by 0.0420 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0420

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 20.8399) against the same month in 2022 (average: 20.7509), the exchange rate shifted by +0.0890 (+0.43%).

2023 Avg (March) 20.8399

2022 Avg (March) 20.7509

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.7958	20.7016	20.7473
February	20.9309	20.7787	20.8334
March	21.1041	20.7997	20.8399
April	21.0427	20.7508	20.8380
May	20.9414	20.7632	20.7969
June	20.8535	20.7368	20.7902
July	20.9216	20.6886	20.7546
August	20.8223	20.6613	20.7575
September	20.8238	20.7366	20.7752
October	20.8499	20.7322	20.7578
November	20.8853	20.6352	20.7159
December	20.7639	20.6093	20.7116