2023 BHD to MGA Historical Review

YEARLY HIGH

12271.5930 MGA

YEARLY LOW

11297.4409 MGA

YEARLY AVERAGE

11808.5610 MGA

2023 BHD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 12271.5930. Conversely, the yearly low was recorded on January 25, dropping to 11297.4409.

This high-to-low spread represents a total annual volatility of 974.1521 MGA. From a start-to-finish perspective, comparing the January average rate of 11669.8982 to the December average rate of 12153.0677, the exchange rate registered a net change of 4.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12271.5930 was up 3.15% compared to the 2022 peak of 11896.5426, 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 61,357,965 MGA

2022 Average 54,768,309 MGA

Yearly Trough Low 56,487,204 MGA

Transaction Impact: A difference of 4,870,760.68 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12227.2331

11337.2489

JanuMarcMayJulySeptNove

BHD to MGA 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 11617.7542, compared to 11999.3678 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 381.6136 points.

H1 Avg (Jan–Jun) 11617.7542

H2 Avg (Jul–Dec) 11999.3678

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 758.5865 MGA (High: 12056.0274 / Low: 11297.4409). On the other end, October was the most stable month, with a tight range of 97.0398 MGA (High: 12061.2785 / Low: 11964.2386).

January Spread (Volatile) ±758.5865

October Spread (Stable) ±97.0398

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 258.4839 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -258.4839

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 12153.0677) against the same month in 2022 (average: 11731.6400), the exchange rate shifted by +421.4278 (+3.59%).

2023 Avg (December) 12153.0677

2022 Avg (December) 11731.6400

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12056.0274	11297.4409	11669.8982
February	11470.9028	11328.9634	11411.4142
March	11563.5941	11353.0662	11443.6487
April	11713.3648	11496.1454	11621.3874
May	11719.0303	11610.5626	11680.0376
June	12049.3550	11659.4711	11880.1391
July	12086.2060	11731.5168	11948.4418
August	12015.7045	11800.1865	11939.1105
September	12089.0851	11869.3654	11965.2104
October	12061.2785	11964.2386	12011.0948
November	12049.6792	11895.4884	11979.2816
December	12271.5930	11940.5837	12153.0677