2023 BHD to NGN Historical Review

YEARLY HIGH

2383.1342 NGN

YEARLY LOW

1186.7203 NGN

YEARLY AVERAGE

1682.5905 NGN

2023 BHD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2383.1342. Conversely, the yearly low was recorded on January 2, dropping to 1186.7203.

This high-to-low spread represents a total annual volatility of 1196.4139 NGN. From a start-to-finish perspective, comparing the January average rate of 1206.0803 to the December average rate of 2148.4918, the exchange rate registered a net change of 78.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2383.1342 was up 100.19% compared to the 2022 peak of 1190.4633, 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 11,915,671 NGN

2022 Average 5,618,574 NGN

Yearly Trough Low 5,933,602 NGN

Transaction Impact: A difference of 5,982,069.44 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2242.7330

1111.8392

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 1281.4867, compared to 2083.6942 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 802.2075 points.

H1 Avg (Jan–Jun) 1281.4867

H2 Avg (Jul–Dec) 2083.6942

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 960.3416 NGN (High: 2183.3424 / Low: 1223.0008). On the other end, May was the most stable month, with a tight range of 8.5145 NGN (High: 1229.7360 / Low: 1221.2216).

June Spread (Volatile) ±960.3416

May Spread (Stable) ±8.5145

Growth Streaks & Declines

Trends

Between August and December, 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 27.4688 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -27.4688

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2148.4918) against the same month in 2022 (average: 1181.8712), the exchange rate shifted by +966.6206 (+81.79%).

2023 Avg (December) 2148.4918

2022 Avg (December) 1181.8712

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1221.4939	1186.7203	1206.0803
February	1230.7802	1219.1721	1222.2396
March	1226.2480	1215.3015	1220.5619
April	1234.3617	1217.8418	1224.4971
May	1229.7360	1221.2216	1224.1831
June	2183.3424	1223.0008	1591.3585
July	2102.7871	2017.3775	2062.8968
August	2063.7043	1992.0893	2035.4281
September	2094.7341	1976.1677	2053.7547
October	2343.6826	2008.3428	2076.4905
November	2191.7562	2071.2453	2125.1033
December	2383.1342	2028.1689	2148.4918