2023 BHD to MXN Historical Review

YEARLY HIGH

51.7616 MXN

YEARLY LOW

44.2747 MXN

YEARLY AVERAGE

47.0692 MXN

2023 BHD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 51.7616. Conversely, the yearly low was recorded on July 29, dropping to 44.2747.

This high-to-low spread represents a total annual volatility of 7.4870 MXN. From a start-to-finish perspective, comparing the January average rate of 50.3137 to the December average rate of 45.5271, the exchange rate registered a net change of -9.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 51.7616 was down 8.67% compared to the 2022 peak of 56.6769, 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 258,808 MXN

2022 Average 266,665 MXN

Yearly Trough Low 221,373 MXN

Transaction Impact: A difference of 37,434.91 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

50.8529

44.3825

JanuMarcMayJulySeptNove

BHD to MXN 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 48.2242, compared to 45.9142 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.3101 points.

H1 Avg (Jan–Jun) 48.2242

H2 Avg (Jul–Dec) 45.9142

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 3.1715 MXN (High: 50.8485 / Low: 47.6769). On the other end, April was the most stable month, with a tight range of 0.8721 MXN (High: 48.5704 / Low: 47.6983).

March Spread (Volatile) ±3.1715

April Spread (Stable) ±0.8721

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 October and November, when the average rate fell by 1.8707 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.8707

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 50.3137) against the same month in 2022 (average: 54.3847), the exchange rate shifted by -4.0710 (-7.49%).

2023 Avg (January) 50.3137

2022 Avg (January) 54.3847

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	51.7616	49.4778	50.3137
February	50.8457	48.5493	49.3738
March	50.8485	47.6769	48.8733
April	48.5704	47.6983	47.9644
May	47.6822	46.2876	47.0439
June	46.6555	45.2977	45.7764
July	45.7810	44.2747	44.9217
August	45.9868	44.3581	45.0515
September	46.9273	45.2705	45.8948
October	48.6503	46.0996	47.9803
November	47.1950	45.3065	46.1096
December	46.3586	44.9001	45.5271