2023 BHD to HRK Historical Review

YEARLY HIGH

19.0919 HRK

YEARLY LOW

17.7810 HRK

YEARLY AVERAGE

18.4898 HRK

2023 BHD to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 19.0919. Conversely, the yearly low was recorded on July 17, dropping to 17.7810.

This high-to-low spread represents a total annual volatility of 1.3109 HRK. From a start-to-finish perspective, comparing the January average rate of 18.5293 to the December average rate of 18.3015, the exchange rate registered a net change of -1.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.0919 was down 8.33% compared to the 2022 peak of 20.8259, 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 95,460 HRK

2022 Average 95,033 HRK

Yearly Trough Low 88,905 HRK

Transaction Impact: A difference of 6,554.73 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.0013

18.0123

JanuMarcMayJulySeptNove

BHD to HRK 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 18.5051, compared to 18.4746 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0305 points.

H1 Avg (Jan–Jun) 18.5051

H2 Avg (Jul–Dec) 18.4746

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.8666 HRK (High: 19.0167 / Low: 18.1501). On the other end, August was the most stable month, with a tight range of 0.3481 HRK (High: 18.5000 / Low: 18.1519).

February Spread (Volatile) ±0.8666

August Spread (Stable) ±0.3481

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 0.4378 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4378

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 18.9189) against the same month in 2022 (average: 20.2980), the exchange rate shifted by -1.3792 (-6.79%).

2023 Avg (October) 18.9189

2022 Avg (October) 20.2980

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.9937	18.2978	18.5293
February	19.0167	18.1501	18.7029
March	18.9918	18.3274	18.6878
April	18.5138	18.0779	18.2500
May	18.6856	18.0518	18.4113
June	18.7092	18.1879	18.4494
July	18.4398	17.7810	18.0947
August	18.5000	18.1519	18.3210
September	19.0265	18.5172	18.7281
October	19.0919	18.7322	18.9189
November	18.8744	18.1707	18.4832
December	18.5756	17.9945	18.3015