2023 BHD to MZN Historical Review

YEARLY HIGH

171.7890 MZN

YEARLY LOW

168.0563 MZN

YEARLY AVERAGE

169.4942 MZN

2023 BHD to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 171.7890. Conversely, the yearly low was recorded on July 5, dropping to 168.0563.

This high-to-low spread represents a total annual volatility of 3.7326 MZN. From a start-to-finish perspective, comparing the January average rate of 169.4881 to the December average rate of 169.4070, the exchange rate registered a net change of -0.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 171.7890 was up 0.81% compared to the 2022 peak of 170.4171, 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 858,945 MZN

2022 Average 846,971 MZN

Yearly Trough Low 840,282 MZN

Transaction Impact: A difference of 18,663.14 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

169.6949

169.2995

JanuMarcMayJulySeptNove

BHD to MZN 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 169.5689, compared to 169.4195 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1494 points.

H1 Avg (Jan–Jun) 169.5689

H2 Avg (Jul–Dec) 169.4195

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 2.4669 MZN (High: 171.7890 / Low: 169.3221). On the other end, January was the most stable month, with a tight range of 0.3515 MZN (High: 169.6906 / Low: 169.3391).

March Spread (Volatile) ±2.4669

January Spread (Stable) ±0.3515

Growth Streaks & Declines

Trends

Between July and September, 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 June and July, when the average rate fell by 0.2551 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2551

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 169.6186) against the same month in 2022 (average: 169.3413), the exchange rate shifted by +0.2773 (+0.16%).

2023 Avg (March) 169.6186

2022 Avg (March) 169.3413

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	169.6906	169.3391	169.4881
February	170.4959	169.3113	169.6619
March	171.7890	169.3221	169.6186
April	171.1599	168.9287	169.5643
May	170.4963	169.0838	169.4927
June	170.1849	169.3418	169.5876
July	170.5129	168.0563	169.3324
August	169.7990	168.6969	169.3510
September	170.0690	169.3000	169.5144
October	170.1151	168.6645	169.4108
November	170.5646	169.1357	169.5012
December	169.7615	168.7052	169.4070