2023 BHD to TOP Historical Review

YEARLY HIGH

6.4044 TOP

YEARLY LOW

6.1279 TOP

YEARLY AVERAGE

6.2681 TOP

2023 BHD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 6.4044. Conversely, the yearly low was recorded on January 30, dropping to 6.1279.

This high-to-low spread represents a total annual volatility of 0.2765 TOP. From a start-to-finish perspective, comparing the January average rate of 6.1804 to the December average rate of 6.2321, the exchange rate registered a net change of 0.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.4044 was down 1.75% compared to the 2022 peak of 6.5182, 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 32,022 TOP

2022 Average 30,913 TOP

Yearly Trough Low 30,639 TOP

Transaction Impact: A difference of 1,382.46 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.3772

6.1625

JanuMarcMayJulySeptNove

BHD to TOP 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 6.2358, compared to 6.3004 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0646 points.

H1 Avg (Jan–Jun) 6.2358

H2 Avg (Jul–Dec) 6.3004

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1578 TOP (High: 6.3240 / Low: 6.1662). On the other end, September was the most stable month, with a tight range of 0.0440 TOP (High: 6.3672 / Low: 6.3232).

July Spread (Volatile) ±0.1578

September Spread (Stable) ±0.0440

Growth Streaks & Declines

Trends

Between July and October, 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 November and December, when the average rate fell by 0.0930 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0930

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 6.3593) against the same month in 2022 (average: 6.4564), the exchange rate shifted by -0.0971 (-1.50%).

2023 Avg (October) 6.3593

2022 Avg (October) 6.4564

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.2437	6.1279	6.1804
February	6.2636	6.1332	6.2052
March	6.3448	6.2209	6.2624
April	6.3355	6.2012	6.2474
May	6.3188	6.2083	6.2600
June	6.3276	6.1993	6.2594
July	6.3240	6.1662	6.2341
August	6.3548	6.2345	6.3076
September	6.3672	6.3232	6.3442
October	6.4044	6.3202	6.3593
November	6.3932	6.2538	6.3251
December	6.2744	6.1730	6.2321