2023 BHD to JPY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BHD to JPY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BHD to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 402.9273. Conversely, the yearly low was recorded on January 14, dropping to 339.8994.
This high-to-low spread represents a total annual volatility of 63.0279 JPY. From a start-to-finish perspective, comparing the January average rate of 345.3633 to the December average rate of 381.0279, the exchange rate registered a net change of 10.33% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 402.9273 was up 1.17% compared to the 2022 peak of 398.2709, 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 JPY 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 357.9354, compared to 387.7126 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 29.7772 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 22.1704 JPY (High: 363.2790 / Low: 341.1086). On the other end, October was the most stable month, with a tight range of 7.8969 JPY (High: 401.3532 / Low: 393.4563).
Growth Streaks & Declines
TrendsBetween July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 16.5015 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 397.5294) against the same month in 2022 (average: 376.2341), the exchange rate shifted by +21.2954 (+5.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 353.6116 | 339.8994 | 345.3633 |
| February | 363.2790 | 341.1086 | 353.6431 |
| March | 364.4766 | 346.7580 | 354.7048 |
| April | 365.6589 | 347.3033 | 354.5658 |
| May | 373.7184 | 355.6608 | 364.1848 |
| June | 384.0599 | 368.0312 | 375.1508 |
| July | 385.4660 | 366.1830 | 374.7845 |
| August | 388.4845 | 375.9820 | 384.0374 |
| September | 396.5967 | 387.8113 | 392.1732 |
| October | 401.3532 | 393.4563 | 396.7229 |
| November | 402.9273 | 390.1819 | 397.5294 |
| December | 390.8372 | 373.5360 | 381.0279 |