2023 BHD to PHP Historical Review

YEARLY HIGH

151.9190 PHP

YEARLY LOW

142.7185 PHP

YEARLY AVERAGE

147.5840 PHP

2023 BHD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 151.9190. Conversely, the yearly low was recorded on February 5, dropping to 142.7185.

This high-to-low spread represents a total annual volatility of 9.2005 PHP. From a start-to-finish perspective, comparing the January average rate of 145.7411 to the December average rate of 147.2443, the exchange rate registered a net change of 1.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 151.9190 was down 3.31% compared to the 2022 peak of 157.1142, 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 759,595 PHP

2022 Average 722,882 PHP

Yearly Trough Low 713,592 PHP

Transaction Impact: A difference of 46,002.75 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

151.2194

144.7814

JanuMarcMayJulySeptNove

BHD to PHP 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 146.5846, compared to 148.5835 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9989 points.

H1 Avg (Jan–Jun) 146.5846

H2 Avg (Jul–Dec) 148.5835

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 5.4316 PHP (High: 148.1500 / Low: 142.7185). On the other end, October was the most stable month, with a tight range of 1.3587 PHP (High: 151.4283 / Low: 150.0696).

February Spread (Volatile) ±5.4316

October Spread (Stable) ±1.3587

Growth Streaks & Declines

Trends

Between March and June, 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 October and November, when the average rate fell by 2.7633 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.7633

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 150.6829) against the same month in 2022 (average: 152.9600), the exchange rate shifted by -2.2771 (-1.49%).

2023 Avg (September) 150.6829

2022 Avg (September) 152.9600

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	148.4568	144.2535	145.7411
February	148.1500	142.7185	145.6357
March	147.4396	143.4413	145.3179
April	149.3558	144.1027	146.6804
May	149.4581	146.7671	147.9922
June	149.1476	146.3343	148.1403
July	148.2336	144.2681	145.7719
August	150.8677	145.6300	149.3308
September	151.9190	150.2515	150.6829
October	151.4283	150.0696	150.6173
November	150.2880	146.4122	147.8540
December	148.1811	146.2261	147.2443