YEARLY HIGH
1047.8805 NGN
YEARLY LOW
958.4088 NGN
YEARLY AVERAGE
1008.1084 NGN

2020 BHD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BHD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 1047.8805. Conversely, the yearly low was recorded on January 16, dropping to 958.4088.

This high-to-low spread represents a total annual volatility of 89.4717 NGN. From a start-to-finish perspective, comparing the January average rate of 960.8261 to the December average rate of 1018.1050, the exchange rate registered a net change of 5.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1047.8805 was up 7.27% compared to the 2019 peak of 976.8825, 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 5,239,402 NGN
2019 Average 4,775,737 NGN
Yearly Trough Low 4,792,044 NGN
Transaction Impact: A difference of 447,358.61 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1037.3538
953.8690
JanuMarcMayJulySeptNove

BHD to NGN 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 997.6264, compared to 1018.5903 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.9639 points.

H1 Avg (Jan–Jun) 997.6264
H2 Avg (Jul–Dec) 1018.5903

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 72.1860 NGN (High: 1034.5907 / Low: 962.4047). On the other end, July was the most stable month, with a tight range of 6.1894 NGN (High: 1031.7451 / Low: 1025.5557).

March Spread (Volatile) ±72.1860
July Spread (Stable) ±6.1894

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 6.2249 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -6.2249

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 1018.1050) against the same month in 2019 (average: 961.6585), the exchange rate shifted by +56.4466 (+5.87%).

2020 Avg (December) 1018.1050
2019 Avg (December) 961.6585

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 967.2896 958.4088 960.8261
February 971.4795 960.1842 965.7126
March 1034.5907 962.4047 982.8553
April 1032.2594 972.2833 1019.3742
May 1034.9854 1023.4185 1030.3967
June 1029.1438 1022.3992 1026.5936
July 1031.7451 1025.5557 1027.9336
August 1029.6989 1004.0693 1021.7087
September 1027.7147 1008.8423 1017.5731
October 1023.4356 1008.9921 1013.1632
November 1018.8504 1007.7918 1013.0583
December 1047.8805 1006.5592 1018.1050