2023 BHD to ZAR Historical Review

YEARLY HIGH

52.4695 ZAR

YEARLY LOW

44.4153 ZAR

YEARLY AVERAGE

48.9630 ZAR

2023 BHD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 52.4695. Conversely, the yearly low was recorded on January 12, dropping to 44.4153.

This high-to-low spread represents a total annual volatility of 8.0542 ZAR. From a start-to-finish perspective, comparing the January average rate of 45.3059 to the December average rate of 49.3206, the exchange rate registered a net change of 8.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 52.4695 was up 7.45% compared to the 2022 peak of 48.8294, 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 262,348 ZAR

2022 Average 217,179 ZAR

Yearly Trough Low 222,077 ZAR

Transaction Impact: A difference of 40,270.83 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

51.2259

44.7677

JanuMarcMayJulySeptNove

BHD to ZAR 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 48.3426, compared to 49.5834 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2408 points.

H1 Avg (Jan–Jun) 48.3426

H2 Avg (Jul–Dec) 49.5834

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 4.1774 ZAR (High: 50.7537 / Low: 46.5762). On the other end, September was the most stable month, with a tight range of 1.2302 ZAR (High: 50.9848 / Low: 49.7546).

July Spread (Volatile) ±4.1774

September Spread (Stable) ±1.2302

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 June and July, when the average rate fell by 1.3733 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3733

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 50.6877) against the same month in 2022 (average: 42.1621), the exchange rate shifted by +8.5256 (+20.22%).

2023 Avg (May) 50.6877

2022 Avg (May) 42.1621

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	46.1651	44.4153	45.3059
February	49.0369	45.2112	47.5915
March	50.4977	47.1710	48.5109
April	49.0469	47.2127	48.2235
May	52.4695	48.5238	50.6877
June	52.0579	48.2285	49.7363
July	50.7537	46.5762	48.3630
August	50.9066	48.4847	49.8162
September	50.9848	49.7546	50.3228
October	51.7696	49.4660	50.4874
November	50.1048	48.2527	49.1904
December	50.6310	48.4272	49.3206