2023 BHD to ISK Historical Review

YEARLY HIGH

385.3576 ISK

YEARLY LOW

345.8190 ISK

YEARLY AVERAGE

365.9680 ISK

2023 BHD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 385.3576. Conversely, the yearly low was recorded on August 30, dropping to 345.8190.

This high-to-low spread represents a total annual volatility of 39.5386 ISK. From a start-to-finish perspective, comparing the January average rate of 379.1139 to the December average rate of 365.5930, the exchange rate registered a net change of -3.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 385.3576 was down 2.25% compared to the 2022 peak of 394.2378, 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 1,926,788 ISK

2022 Average 1,794,352 ISK

Yearly Trough Low 1,729,095 ISK

Transaction Impact: A difference of 197,692.75 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

382.8807

346.6221

JanuMarcMayJulySeptNove

BHD to ISK 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 371.0313, compared to 360.9047 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.1265 points.

H1 Avg (Jan–Jun) 371.0313

H2 Avg (Jul–Dec) 360.9047

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 18.0144 ISK (High: 381.4245 / Low: 363.4101). On the other end, August was the most stable month, with a tight range of 5.7774 ISK (High: 351.5964 / Low: 345.8190).

November Spread (Volatile) ±18.0144

August Spread (Stable) ±5.7774

Growth Streaks & Declines

Trends

Between August and November, 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 June and July, when the average rate fell by 13.6334 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -13.6334

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 379.8591) against the same month in 2022 (average: 331.7887), the exchange rate shifted by +48.0705 (+14.49%).

2023 Avg (February) 379.8591

2022 Avg (February) 331.7887

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	383.9482	373.7869	379.1139
February	385.3576	369.7093	379.8591
March	378.1442	360.2653	371.4955
April	366.1404	357.8248	362.3516
May	373.6664	359.6775	367.4324
June	374.6989	357.0092	365.9349
July	363.9113	346.1992	352.3015
August	351.5964	345.8190	349.6437
September	365.8889	350.2121	359.0525
October	371.3726	362.8153	367.6533
November	381.4245	363.4101	371.1845
December	371.4219	359.8924	365.5930