2023 BHD to MVR Historical Review

YEARLY HIGH

41.4014 MVR

YEARLY LOW

40.4473 MVR

YEARLY AVERAGE

40.7895 MVR

2023 BHD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 41.4014. Conversely, the yearly low was recorded on November 13, dropping to 40.4473.

This high-to-low spread represents a total annual volatility of 0.9541 MVR. From a start-to-finish perspective, comparing the January average rate of 40.8148 to the December average rate of 40.7704, the exchange rate registered a net change of -0.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 41.4014 was down 1.62% compared to the 2022 peak of 42.0817, 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 207,007 MVR

2022 Average 204,540 MVR

Yearly Trough Low 202,236 MVR

Transaction Impact: A difference of 4,770.65 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

40.9231

40.7022

JanuMarcMayJulySeptNove

BHD to MVR 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 40.7697, compared to 40.8093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0396 points.

H1 Avg (Jan–Jun) 40.7697

H2 Avg (Jul–Dec) 40.8093

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.7658 MVR (High: 41.2131 / Low: 40.4473). On the other end, January was the most stable month, with a tight range of 0.2316 MVR (High: 40.9277 / Low: 40.6961).

November Spread (Volatile) ±0.7658

January Spread (Stable) ±0.2316

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0859 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0859

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 40.8220) against the same month in 2022 (average: 40.9712), the exchange rate shifted by -0.1492 (-0.36%).

2023 Avg (March) 40.8220

2022 Avg (March) 40.9712

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.9277	40.6961	40.8148
February	40.9831	40.6777	40.7635
March	41.4014	40.6681	40.8220
April	41.1749	40.5799	40.7700
May	41.0152	40.5761	40.7206
June	40.9083	40.5833	40.7271
July	41.0811	40.6512	40.8211
August	40.8714	40.6392	40.7697
September	41.0491	40.7863	40.9047
October	40.9980	40.6436	40.8188
November	41.2131	40.4473	40.7709
December	40.8633	40.5791	40.7704