2023 BHD to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BHD to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BHD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 113585.0396. Conversely, the yearly low was recorded on March 23, dropping to 110374.9950.
This high-to-low spread represents a total annual volatility of 3210.0445 IRR. From a start-to-finish perspective, comparing the January average rate of 111255.9520 to the December average rate of 111998.7356, the exchange rate registered a net change of 0.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 113585.0396 was up 0.37% compared to the 2022 peak of 113166.5550, 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 IRR 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 111977.5192, compared to 112099.5075 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 121.9883 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 3210.0445 IRR (High: 113585.0396 / Low: 110374.9950). On the other end, September was the most stable month, with a tight range of 343.4584 IRR (High: 112377.1872 / Low: 112033.7288).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 140.0234 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 111948.9922) against the same month in 2022 (average: 112146.2121), the exchange rate shifted by -197.2200 (-0.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 111971.9805 | 110431.4982 | 111255.9520 |
| February | 112655.4752 | 110426.2260 | 112089.0155 |
| March | 113585.0396 | 110374.9950 | 111948.9922 |
| April | 113257.7210 | 111759.9784 | 112183.0661 |
| May | 112818.5957 | 112053.2127 | 112175.0277 |
| June | 112591.0183 | 112068.3710 | 112213.0615 |
| July | 112846.1795 | 111421.1071 | 112154.0570 |
| August | 112379.7118 | 111662.8917 | 112132.2704 |
| September | 112377.1872 | 112033.7288 | 112105.1448 |
| October | 112445.0254 | 111808.0409 | 112075.1237 |
| November | 112748.8402 | 111896.9410 | 112131.7132 |
| December | 112398.8344 | 111468.2209 | 111998.7356 |