2023 BHD to QAR Historical Review

YEARLY HIGH

9.7999 QAR

YEARLY LOW

9.5470 QAR

YEARLY AVERAGE

9.6684 QAR

2023 BHD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 9.7999. Conversely, the yearly low was recorded on April 29, dropping to 9.5470.

This high-to-low spread represents a total annual volatility of 0.2529 QAR. From a start-to-finish perspective, comparing the January average rate of 9.6676 to the December average rate of 9.6659, the exchange rate registered a net change of -0.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 9.7999 was up 0.50% compared to the 2022 peak of 9.7508, 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 49,000 QAR

2022 Average 48,324 QAR

Yearly Trough Low 47,735 QAR

Transaction Impact: A difference of 1,264.56 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9.6853

9.6549

JanuMarcMayJulySeptNove

BHD to QAR 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 9.6735, compared to 9.6633 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0102 points.

H1 Avg (Jan–Jun) 9.6735

H2 Avg (Jul–Dec) 9.6633

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.2143 QAR (High: 9.7614 / Low: 9.5470). On the other end, September was the most stable month, with a tight range of 0.0254 QAR (High: 9.6827 / Low: 9.6573).

April Spread (Volatile) ±0.2143

September Spread (Stable) ±0.0254

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0150 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0150

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 9.6826) against the same month in 2022 (average: 9.6612), the exchange rate shifted by +0.0215 (+0.22%).

2023 Avg (February) 9.6826

2022 Avg (February) 9.6612

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.7251	9.6562	9.6676
February	9.7999	9.6336	9.6826
March	9.7885	9.6516	9.6827
April	9.7614	9.5470	9.6774
May	9.7182	9.6551	9.6624
June	9.7258	9.6556	9.6682
July	9.7196	9.6248	9.6649
August	9.6960	9.6474	9.6648
September	9.6827	9.6573	9.6628
October	9.6868	9.6382	9.6637
November	9.7085	9.5991	9.6575
December	9.7156	9.6301	9.6659