2023 BHD to NAD Historical Review

YEARLY HIGH

53.5886 NAD

YEARLY LOW

44.6000 NAD

YEARLY AVERAGE

49.0924 NAD

2023 BHD to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 27, valuing the pair at 53.5886. Conversely, the yearly low was recorded on January 12, dropping to 44.6000.

This high-to-low spread represents a total annual volatility of 8.9886 NAD. From a start-to-finish perspective, comparing the January average rate of 45.3128 to the December average rate of 49.5558, the exchange rate registered a net change of 9.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 53.5886 was up 9.63% compared to the 2022 peak of 48.8826, 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 267,943 NAD

2022 Average 216,297 NAD

Yearly Trough Low 223,000 NAD

Transaction Impact: A difference of 44,942.93 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

51.6612

44.7356

JanuMarcMayJulySeptNove

BHD to NAD 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 48.3242, compared to 49.8607 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5365 points.

H1 Avg (Jan–Jun) 48.3242

H2 Avg (Jul–Dec) 49.8607

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 4.8191 NAD (High: 53.0987 / Low: 48.2796). On the other end, January was the most stable month, with a tight range of 1.2422 NAD (High: 45.8422 / Low: 44.6000).

November Spread (Volatile) ±4.8191

January Spread (Stable) ±1.2422

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 1.3295 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3295

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 51.0841) against the same month in 2022 (average: 47.9938), the exchange rate shifted by +3.0903 (+6.44%).

2023 Avg (October) 51.0841

2022 Avg (October) 47.9938

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.8422	44.6000	45.3128
February	49.0015	45.2201	47.4727
March	49.5204	47.4823	48.5303
April	49.0560	47.0731	48.2535
May	52.2981	48.4538	50.6501
June	52.3088	48.2105	49.7256
July	50.3170	46.7694	48.4452
August	52.6042	48.4890	49.9835
September	50.9958	49.7411	50.3412
October	53.5886	49.7879	51.0841
November	53.0987	48.2796	49.7546
December	50.6394	48.2807	49.5558