2023 MAD to BHD Historical Review

YEARLY HIGH

0.0392 BHD

YEARLY LOW

0.0359 BHD

YEARLY AVERAGE

0.0372 BHD

2023 MAD to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.0392. Conversely, the yearly low was recorded on January 3, dropping to 0.0359.

This high-to-low spread represents a total annual volatility of 0.0033 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0368 to the December average rate of 0.0376, the exchange rate registered a net change of 1.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0392 was down 4.31% compared to the 2022 peak of 0.0409, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 196 BHD

2022 Average 186 BHD

Yearly Trough Low 179 BHD

Transaction Impact: A difference of 16.65 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0389

0.0362

JanuMarcMayJulySeptNove

MAD 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 0.0370, compared to 0.0375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0370

H2 Avg (Jul–Dec) 0.0375

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0020 BHD (High: 0.0390 / Low: 0.0371). On the other end, September was the most stable month, with a tight range of 0.0006 BHD (High: 0.0371 / Low: 0.0365).

August Spread (Volatile) ±0.0020

September Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between March and July, 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 August and September, when the average rate fell by 0.0013 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0387) against the same month in 2022 (average: 0.0369), the exchange rate shifted by +0.0018 (+4.96%).

2023 Avg (July) 0.0387

2022 Avg (July) 0.0369

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0374	0.0359	0.0368
February	0.0372	0.0361	0.0366
March	0.0369	0.0360	0.0365
April	0.0381	0.0368	0.0372
May	0.0378	0.0368	0.0373
June	0.0381	0.0369	0.0375
July	0.0392	0.0381	0.0387
August	0.0390	0.0371	0.0381
September	0.0371	0.0365	0.0368
October	0.0371	0.0364	0.0367
November	0.0375	0.0366	0.0371
December	0.0383	0.0370	0.0376