2023 FKP to BHD Historical Review

YEARLY HIGH

0.4950 BHD

YEARLY LOW

0.4458 BHD

YEARLY AVERAGE

0.4687 BHD

2023 FKP to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 0.4950. Conversely, the yearly low was recorded on March 7, dropping to 0.4458.

This high-to-low spread represents a total annual volatility of 0.0492 BHD. From a start-to-finish perspective, comparing the January average rate of 0.4615 to the December average rate of 0.4776, the exchange rate registered a net change of 3.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4950 was down 4.26% compared to the 2022 peak of 0.5170, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,475 BHD

2022 Average 2,332 BHD

Yearly Trough Low 2,229 BHD

Transaction Impact: A difference of 245.87 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4882

0.4513

JanuMarcMayJulySeptNove

FKP 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 0.4647, compared to 0.4726 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0079 points.

H1 Avg (Jan–Jun) 0.4647

H2 Avg (Jul–Dec) 0.4726

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0211 BHD (High: 0.4670 / Low: 0.4458). On the other end, August was the most stable month, with a tight range of 0.0077 BHD (High: 0.4824 / Low: 0.4747).

March Spread (Volatile) ±0.0211

August Spread (Stable) ±0.0077

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0120 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0120

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.4851) against the same month in 2022 (average: 0.4528), the exchange rate shifted by +0.0323 (+7.13%).

2023 Avg (July) 0.4851

2022 Avg (July) 0.4528

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4680	0.4490	0.4615
February	0.4670	0.4488	0.4544
March	0.4670	0.4458	0.4572
April	0.4740	0.4628	0.4688
May	0.4764	0.4644	0.4702
June	0.4839	0.4680	0.4761
July	0.4950	0.4756	0.4851
August	0.4824	0.4747	0.4789
September	0.4759	0.4574	0.4669
October	0.4643	0.4553	0.4588
November	0.4791	0.4594	0.4683
December	0.4825	0.4730	0.4776