2023 MXN to BHD Historical Review

YEARLY HIGH

0.0226 BHD

YEARLY LOW

0.0193 BHD

YEARLY AVERAGE

0.0213 BHD

2023 MXN to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 0.0226. Conversely, the yearly low was recorded on January 1, dropping to 0.0193.

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 0.0199 to the December average rate of 0.0220, the exchange rate registered a net change of 10.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0226 was up 14.66% compared to the 2022 peak of 0.0197, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 1,129 BHD

2022 Average 938 BHD

Yearly Trough Low 966 BHD

Transaction Impact: A difference of 163.35 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0225

0.0196

JanuMarcMayJulySeptNove

MXN 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 0.0208, compared to 0.0218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0208

H2 Avg (Jul–Dec) 0.0218

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0013 BHD (High: 0.0210 / Low: 0.0197). On the other end, April was the most stable month, with a tight range of 0.0004 BHD (High: 0.0210 / Low: 0.0206).

March Spread (Volatile) ±0.0013

April Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0009 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0223) against the same month in 2022 (average: 0.0184), the exchange rate shifted by +0.0039 (+21.06%).

2023 Avg (July) 0.0223

2022 Avg (July) 0.0184

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0202	0.0193	0.0199
February	0.0206	0.0197	0.0203
March	0.0210	0.0197	0.0205
April	0.0210	0.0206	0.0208
May	0.0216	0.0210	0.0213
June	0.0221	0.0214	0.0218
July	0.0226	0.0218	0.0223
August	0.0225	0.0217	0.0222
September	0.0221	0.0213	0.0218
October	0.0217	0.0206	0.0208
November	0.0221	0.0212	0.0217
December	0.0223	0.0216	0.0220