2024 MXN to BHD Historical Review

YEARLY HIGH

0.0231 BHD

YEARLY LOW

0.0181 BHD

YEARLY AVERAGE

0.0207 BHD

2024 MXN to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 0.0231. Conversely, the yearly low was recorded on December 31, dropping to 0.0181.

This high-to-low spread represents a total annual volatility of 0.0050 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0221 to the December average rate of 0.0186, the exchange rate registered a net change of -15.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0231 was up 2.22% compared to the 2023 peak of 0.0226, 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 1,154 BHD

2023 Average 1,064 BHD

Yearly Trough Low 903 BHD

Transaction Impact: A difference of 251.02 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0229

0.0182

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 0.0220, compared to 0.0193 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.0220

H2 Avg (Jul–Dec) 0.0193

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0021 BHD (High: 0.0222 / Low: 0.0201). On the other end, February was the most stable month, with a tight range of 0.0002 BHD (High: 0.0221 / Low: 0.0219).

June Spread (Volatile) ±0.0021

February Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0017 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0224) against the same month in 2023 (average: 0.0208), the exchange rate shifted by +0.0016 (+7.58%).

2024 Avg (April) 0.0224

2023 Avg (April) 0.0208

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0224	0.0218	0.0221
February	0.0221	0.0219	0.0221
March	0.0228	0.0221	0.0225
April	0.0231	0.0219	0.0224
May	0.0228	0.0221	0.0224
June	0.0222	0.0201	0.0207
July	0.0214	0.0201	0.0208
August	0.0202	0.0190	0.0197
September	0.0197	0.0188	0.0192
October	0.0196	0.0187	0.0192
November	0.0190	0.0182	0.0185
December	0.0188	0.0181	0.0186