2024 BHD to NGN Historical Review

YEARLY HIGH

4502.5608 NGN

YEARLY LOW

2278.7402 NGN

YEARLY AVERAGE

3900.7358 NGN

2024 BHD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BHD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 4502.5608. Conversely, the yearly low was recorded on January 17, dropping to 2278.7402.

This high-to-low spread represents a total annual volatility of 2223.8206 NGN. From a start-to-finish perspective, comparing the January average rate of 2419.1101 to the December average rate of 4168.4316, the exchange rate registered a net change of 72.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 4502.5608 was up 88.93% compared to the 2023 peak of 2383.1342, 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 22,512,804 NGN

2023 Average 8,428,250 NGN

Yearly Trough Low 11,393,701 NGN

Transaction Impact: A difference of 11,119,103.04 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4645.1698

2216.7410

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 3539.9292, compared to 4261.5424 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 721.6131 points.

H1 Avg (Jan–Jun) 3539.9292

H2 Avg (Jul–Dec) 4261.5424

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 1878.1625 NGN (High: 4265.2695 / Low: 2387.1070). On the other end, October was the most stable month, with a tight range of 135.5760 NGN (High: 4432.2354 / Low: 4296.6595).

February Spread (Volatile) ±1878.1625

October Spread (Stable) ±135.5760

Growth Streaks & Declines

Trends

Between April and November, 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 664.0341 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -664.0341

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 4442.8007) against the same month in 2023 (average: 2125.1033), the exchange rate shifted by +2317.6974 (+109.06%).

2024 Avg (November) 4442.8007

2023 Avg (November) 2125.1033

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2541.6193	2278.7402	2419.1101
February	4265.2695	2387.1070	3650.0692
March	4274.6731	3701.1921	4056.0216
April	3752.9646	3187.0449	3391.9876
May	4016.8743	3275.9142	3763.2318
June	4028.0722	3732.6211	3959.1551
July	4407.8589	3729.8387	4035.2536
August	4407.0382	4179.8676	4239.1558
September	4431.6510	4218.5998	4336.9833
October	4432.2354	4296.6595	4346.6290
November	4502.5608	4359.9873	4442.8007
December	4466.8162	4100.1882	4168.4316