2024 CAD to BHD Historical Review

YEARLY HIGH

0.2853 BHD

YEARLY LOW

0.2606 BHD

YEARLY AVERAGE

0.2751 BHD

2024 CAD to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2853. Conversely, the yearly low was recorded on December 18, dropping to 0.2606.

This high-to-low spread represents a total annual volatility of 0.0247 BHD. From a start-to-finish perspective, comparing the January average rate of 0.2809 to the December average rate of 0.2643, the exchange rate registered a net change of -5.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2853 was down 0.77% compared to the 2023 peak of 0.2875, 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 1,427 BHD

2023 Average 1,396 BHD

Yearly Trough Low 1,303 BHD

Transaction Impact: A difference of 123.59 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2826

0.2627

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 0.2774, compared to 0.2727 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.2774

H2 Avg (Jul–Dec) 0.2727

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0106 BHD (High: 0.2802 / Low: 0.2696). On the other end, May was the most stable month, with a tight range of 0.0028 BHD (High: 0.2772 / Low: 0.2744).

August Spread (Volatile) ±0.0106

May Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between July and September, 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 November and December, when the average rate fell by 0.0052 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.2809) against the same month in 2023 (average: 0.2809), the exchange rate shifted by +0.0000 (+0.01%).

2024 Avg (January) 0.2809

2023 Avg (January) 0.2809

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2853	0.2787	0.2809
February	0.2817	0.2776	0.2793
March	0.2802	0.2760	0.2783
April	0.2789	0.2727	0.2756
May	0.2772	0.2744	0.2757
June	0.2765	0.2736	0.2749
July	0.2768	0.2720	0.2748
August	0.2802	0.2696	0.2756
September	0.2808	0.2769	0.2781
October	0.2793	0.2705	0.2739
November	0.2724	0.2670	0.2695
December	0.2689	0.2606	0.2643