2023 BHD to MAD Historical Review

YEARLY HIGH

27.8922 MAD

YEARLY LOW

25.5217 MAD

YEARLY AVERAGE

26.8671 MAD

2023 BHD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 27.8922. Conversely, the yearly low was recorded on July 16, dropping to 25.5217.

This high-to-low spread represents a total annual volatility of 2.3705 MAD. From a start-to-finish perspective, comparing the January average rate of 27.1477 to the December average rate of 26.6304, the exchange rate registered a net change of -1.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 27.8922 was down 5.32% compared to the 2022 peak of 29.4581, 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 139,461 MAD

2022 Average 134,738 MAD

Yearly Trough Low 127,608 MAD

Transaction Impact: A difference of 11,852.50 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

27.5791

25.6963

JanuMarcMayJulySeptNove

BHD to MAD 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 27.0505, compared to 26.6837 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3668 points.

H1 Avg (Jan–Jun) 27.0505

H2 Avg (Jul–Dec) 26.6837

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 1.3582 MAD (High: 26.9843 / Low: 25.6261). On the other end, September was the most stable month, with a tight range of 0.4534 MAD (High: 27.3879 / Low: 26.9345).

August Spread (Volatile) ±1.3582

September Spread (Stable) ±0.4534

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 June and July, when the average rate fell by 0.8209 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8209

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 27.1477) against the same month in 2022 (average: 24.6443), the exchange rate shifted by +2.5034 (+10.16%).

2023 Avg (January) 27.1477

2022 Avg (January) 24.6443

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.8922	26.7242	27.1477
February	27.7018	26.8974	27.3489
March	27.7512	27.0744	27.4222
April	27.1510	26.2714	26.8898
May	27.1620	26.4486	26.8205
June	27.0899	26.2785	26.6741
July	26.2785	25.5217	25.8532
August	26.9843	25.6261	26.2595
September	27.3879	26.9345	27.1475
October	27.4994	26.9701	27.2506
November	27.3088	26.6375	26.9607
December	27.0209	26.1155	26.6304