YEARLY HIGH
31.2550 NOK
YEARLY LOW
22.6369 NOK
YEARLY AVERAGE
24.9757 NOK

2020 BHD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BHD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 31.2550. Conversely, the yearly low was recorded on December 30, dropping to 22.6369.

This high-to-low spread represents a total annual volatility of 8.6181 NOK. From a start-to-finish perspective, comparing the January average rate of 23.7216 to the December average rate of 23.0833, the exchange rate registered a net change of -2.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 31.2550 was up 27.70% compared to the 2019 peak of 24.4755, 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 156,275 NOK
2019 Average 116,716 NOK
Yearly Trough Low 113,184 NOK
Transaction Impact: A difference of 43,090.53 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

28.0530
22.6315
JanuMarcMayJulySeptNove

BHD to NOK 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 25.8713, compared to 24.0802 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7912 points.

H1 Avg (Jan–Jun) 25.8713
H2 Avg (Jul–Dec) 24.0802

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 6.7107 NOK (High: 31.2550 / Low: 24.5442). On the other end, February was the most stable month, with a tight range of 0.5389 NOK (High: 24.9568 / Low: 24.4179).

March Spread (Volatile) ±6.7107
February Spread (Stable) ±0.5389

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 1.4328 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -1.4328

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 27.2539) against the same month in 2019 (average: 22.8183), the exchange rate shifted by +4.4356 (+19.44%).

2020 Avg (March) 27.2539
2019 Avg (March) 22.8183

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 24.4179 23.1832 23.7216
February 24.9568 24.4179 24.6431
March 31.2550 24.5442 27.2539
April 28.5345 27.0302 27.6012
May 27.6064 25.7688 26.7206
June 25.7489 24.4816 25.2877
July 25.2720 23.9697 24.6626
August 24.2215 23.1537 23.7320
September 25.3662 23.2163 24.2726
October 25.2829 24.2347 24.6497
November 25.3917 23.3994 24.0807
December 23.4472 22.6369 23.0833