2023 GEL to BHD Historical Review

YEARLY HIGH

0.1520 BHD

YEARLY LOW

0.1385 BHD

YEARLY AVERAGE

0.1437 BHD

2023 GEL to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 0.1520. Conversely, the yearly low was recorded on November 5, dropping to 0.1385.

This high-to-low spread represents a total annual volatility of 0.0135 BHD. From a start-to-finish perspective, comparing the January average rate of 0.1414 to the December average rate of 0.1404, the exchange rate registered a net change of -0.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1520 was up 6.87% compared to the 2022 peak of 0.1423, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 760 BHD

2022 Average 649 BHD

Yearly Trough Low 692 BHD

Transaction Impact: A difference of 67.71 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1504

0.1385

JanuMarcMayJulySeptNove

GEL 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 0.1453, compared to 0.1421 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.1453

H2 Avg (Jul–Dec) 0.1421

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0073 BHD (High: 0.1520 / Low: 0.1447). On the other end, June was the most stable month, with a tight range of 0.0017 BHD (High: 0.1448 / Low: 0.1431).

May Spread (Volatile) ±0.0073

June Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.0040 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1483) against the same month in 2022 (average: 0.1271), the exchange rate shifted by +0.0212 (+16.68%).

2023 Avg (May) 0.1483

2022 Avg (May) 0.1271

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1434	0.1395	0.1414
February	0.1434	0.1411	0.1425
March	0.1478	0.1434	0.1460
April	0.1508	0.1475	0.1494
May	0.1520	0.1447	0.1483
June	0.1448	0.1431	0.1443
July	0.1470	0.1435	0.1456
August	0.1452	0.1431	0.1441
September	0.1444	0.1397	0.1424
October	0.1412	0.1394	0.1403
November	0.1407	0.1385	0.1395
December	0.1417	0.1396	0.1404