2022 BHD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 BHD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the BHD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 1190.4633. Conversely, the yearly low was recorded on January 9, dropping to 1090.0658.
This high-to-low spread represents a total annual volatility of 100.3975 NGN. From a start-to-finish perspective, comparing the January average rate of 1097.5818 to the December average rate of 1181.8712, the exchange rate registered a net change of 7.68% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 1190.4633 was up 8.46% compared to the 2021 peak of 1097.6410, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BHD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1101.9444, compared to 1145.2635 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 43.3191 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was September, with a trading range of 42.1940 NGN (High: 1159.4695 / Low: 1117.2755). On the other end, May was the most stable month, with a tight range of 7.3572 NGN (High: 1102.8356 / Low: 1095.4784).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.8444 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 1181.8712) against the same month in 2021 (average: 1090.7274), the exchange rate shifted by +91.1438 (+8.36%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1103.2079 | 1090.0658 | 1097.5818 |
| February | 1110.4444 | 1102.0440 | 1103.9778 |
| March | 1109.8659 | 1101.5953 | 1103.7502 |
| April | 1106.8999 | 1097.4586 | 1101.9058 |
| May | 1102.8356 | 1095.4784 | 1101.2830 |
| June | 1113.4888 | 1099.4518 | 1103.1678 |
| July | 1126.0856 | 1100.0851 | 1110.6130 |
| August | 1131.9072 | 1102.1331 | 1116.4978 |
| September | 1159.4695 | 1117.2755 | 1136.5275 |
| October | 1166.7158 | 1144.0720 | 1154.8452 |
| November | 1177.7198 | 1150.4224 | 1171.2261 |
| December | 1190.4633 | 1175.9950 | 1181.8712 |