2024 BHD to MVR Historical Review

YEARLY HIGH

41.2582 MVR

YEARLY LOW

38.3459 MVR

YEARLY AVERAGE

40.8726 MVR

2024 BHD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BHD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 41.2582. Conversely, the yearly low was recorded on May 2, dropping to 38.3459.

This high-to-low spread represents a total annual volatility of 2.9122 MVR. From a start-to-finish perspective, comparing the January average rate of 40.8617 to the December average rate of 40.8754, the exchange rate registered a net change of 0.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 41.2582 was down 0.35% compared to the 2023 peak of 41.4014, 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 206,291 MVR

2023 Average 203,948 MVR

Yearly Trough Low 191,730 MVR

Transaction Impact: A difference of 14,561.18 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

41.0204

40.7133

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 40.9087, compared to 40.8365 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0722 points.

H1 Avg (Jan–Jun) 40.9087

H2 Avg (Jul–Dec) 40.8365

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 2.8278 MVR (High: 41.1737 / Low: 38.3459). On the other end, October was the most stable month, with a tight range of 0.0503 MVR (High: 40.7681 / Low: 40.7178).

May Spread (Volatile) ±2.8278

October Spread (Stable) ±0.0503

Growth Streaks & Declines

Trends

Between February and April, 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 November and December, when the average rate fell by 0.0833 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0833

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 40.9622) against the same month in 2023 (average: 40.8220), the exchange rate shifted by +0.1403 (+0.34%).

2024 Avg (March) 40.9622

2023 Avg (March) 40.8220

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.9706	40.7525	40.8617
February	41.0134	40.6204	40.8455
March	41.2582	40.8615	40.9622
April	41.0757	40.8046	40.9948
May	41.1737	38.3459	40.9343
June	41.0745	40.5252	40.8538
July	41.0816	40.7203	40.8556
August	41.0343	40.7255	40.8337
September	40.8254	40.6833	40.7566
October	40.7681	40.7178	40.7389
November	41.0398	40.7370	40.9587
December	41.0703	40.7999	40.8754