2023 CAD to BHD Historical Review

YEARLY HIGH

0.2875 BHD

YEARLY LOW

0.2701 BHD

YEARLY AVERAGE

0.2792 BHD

2023 CAD to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 0.2875. Conversely, the yearly low was recorded on March 18, dropping to 0.2701.

This high-to-low spread represents a total annual volatility of 0.0174 BHD. From a start-to-finish perspective, comparing the January average rate of 0.2809 to the December average rate of 0.2812, the exchange rate registered a net change of 0.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2875 was down 4.99% compared to the 2022 peak of 0.3026, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CAD based on timing:

Yearly Peak High 1,438 BHD

2022 Average 1,449 BHD

Yearly Trough Low 1,350 BHD

Transaction Impact: A difference of 87.17 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2857

0.2739

JanuMarcMayJulySeptNove

CAD to BHD 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 0.2794, compared to 0.2789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.2794

H2 Avg (Jul–Dec) 0.2789

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0087 BHD (High: 0.2788 / Low: 0.2701). On the other end, September was the most stable month, with a tight range of 0.0049 BHD (High: 0.2804 / Low: 0.2755).

March Spread (Volatile) ±0.0087

September Spread (Stable) ±0.0049

Growth Streaks & Declines

Trends

Between May and July, 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 0.0051 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.2847) against the same month in 2022 (average: 0.2917), the exchange rate shifted by -0.0070 (-2.39%).

2023 Avg (July) 0.2847

2022 Avg (July) 0.2917

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2833	0.2757	0.2809
February	0.2840	0.2755	0.2799
March	0.2788	0.2701	0.2749
April	0.2826	0.2751	0.2787
May	0.2819	0.2760	0.2786
June	0.2867	0.2803	0.2835
July	0.2875	0.2820	0.2847
August	0.2841	0.2772	0.2796
September	0.2804	0.2755	0.2782
October	0.2782	0.2715	0.2749
November	0.2780	0.2724	0.2749
December	0.2856	0.2772	0.2812