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2023 BHD to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BHD to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 61360.0915. Conversely, the yearly low was recorded on December 17, dropping to 58850.1898.
This high-to-low spread represents a total annual volatility of 2509.9017 STD. From a start-to-finish perspective, comparing the January average rate of 60552.7661 to the December average rate of 59093.5152, the exchange rate registered a net change of -2.41% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 61360.0915 was down 2.23% compared to the 2022 peak of 62757.7737, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BHD based on timing:
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BHD to STD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 60582.1514, compared to 59325.1904 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 1256.9610 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 1818.3358 STD (High: 60928.1523 / Low: 59109.8165). On the other end, January was the most stable month, with a tight range of 127.8898 STD (High: 60658.0608 / Low: 60530.1710).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 1314.6273 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 60600.7411) against the same month in 2022 (average: 56771.1701), the exchange rate shifted by +3829.5710 (+6.75%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 60658.0608 | 60530.1710 | 60552.7661 |
| February | 60898.2401 | 60522.4666 | 60596.9830 |
| March | 61360.0915 | 60501.7707 | 60600.7411 |
| April | 61183.2698 | 60338.4669 | 60590.7880 |
| May | 60946.0487 | 60530.0104 | 60567.4133 |
| June | 60787.1397 | 60525.6765 | 60584.2169 |
| July | 60928.1523 | 59109.8165 | 60409.7532 |
| August | 59231.7508 | 58888.7626 | 59095.1260 |
| September | 59279.4983 | 59099.3122 | 59118.7344 |
| October | 59318.7941 | 58982.7619 | 59106.1643 |
| November | 59475.5471 | 58977.2977 | 59127.8493 |
| December | 59241.8296 | 58850.1898 | 59093.5152 |