2023 GHS to BHD Historical Review

YEARLY HIGH

0.0451 BHD

YEARLY LOW

0.0292 BHD

YEARLY AVERAGE

0.0323 BHD

2023 GHS to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0451. Conversely, the yearly low was recorded on February 25, dropping to 0.0292.

This high-to-low spread represents a total annual volatility of 0.0159 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0332 to the December average rate of 0.0314, the exchange rate registered a net change of -5.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0451 was down 26.38% compared to the 2022 peak of 0.0613, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 226 BHD

2022 Average 223 BHD

Yearly Trough Low 146 BHD

Transaction Impact: A difference of 79.64 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0338

0.0299

JanuMarcMayJulySeptNove

GHS 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 0.0322, compared to 0.0324 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0322

H2 Avg (Jul–Dec) 0.0324

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0150 BHD (High: 0.0451 / Low: 0.0302). On the other end, December was the most stable month, with a tight range of 0.0002 BHD (High: 0.0315 / Low: 0.0313).

January Spread (Volatile) ±0.0150

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0031 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0332) against the same month in 2022 (average: 0.0606), the exchange rate shifted by -0.0274 (-45.19%).

2023 Avg (January) 0.0332

2022 Avg (January) 0.0606

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0451	0.0302	0.0332
February	0.0310	0.0292	0.0302
March	0.0323	0.0295	0.0306
April	0.0351	0.0313	0.0330
May	0.0354	0.0318	0.0332
June	0.0338	0.0327	0.0333
July	0.0334	0.0324	0.0330
August	0.0338	0.0330	0.0334
September	0.0331	0.0324	0.0328
October	0.0325	0.0317	0.0321
November	0.0317	0.0314	0.0316
December	0.0315	0.0313	0.0314