2023 BHD to JOD Historical Review

YEARLY HIGH

1.9085 JOD

YEARLY LOW

1.8707 JOD

YEARLY AVERAGE

1.8821 JOD

2023 BHD to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 1.9085. Conversely, the yearly low was recorded on August 13, dropping to 1.8707.

This high-to-low spread represents a total annual volatility of 0.0378 JOD. From a start-to-finish perspective, comparing the January average rate of 1.8821 to the December average rate of 1.8815, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9085 was up 0.85% compared to the 2022 peak of 1.8923, 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 9,542 JOD

2022 Average 9,404 JOD

Yearly Trough Low 9,353 JOD

Transaction Impact: A difference of 189.23 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.8844

1.8771

JanuMarcMayJulySeptNove

BHD to JOD 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 1.8831, compared to 1.8811 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 1.8831

H2 Avg (Jul–Dec) 1.8811

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0278 JOD (High: 1.9085 / Low: 1.8807). On the other end, January was the most stable month, with a tight range of 0.0040 JOD (High: 1.8851 / Low: 1.8811).

March Spread (Volatile) ±0.0278

January Spread (Stable) ±0.0040

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 July and August, when the average rate fell by 0.0051 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1.8838) against the same month in 2022 (average: 1.8806), the exchange rate shifted by +0.0032 (+0.17%).

2023 Avg (March) 1.8838

2022 Avg (March) 1.8806

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8851	1.8811	1.8821
February	1.8944	1.8811	1.8836
March	1.9085	1.8807	1.8838
April	1.9017	1.8754	1.8832
May	1.8943	1.8811	1.8827
June	1.8896	1.8812	1.8831
July	1.8940	1.8799	1.8829
August	1.8815	1.8707	1.8778
September	1.8868	1.8781	1.8802
October	1.8891	1.8784	1.8819
November	1.8933	1.8774	1.8823
December	1.8861	1.8737	1.8815