2023 MYR to BHD Historical Review

YEARLY HIGH

0.0888 BHD

YEARLY LOW

0.0787 BHD

YEARLY AVERAGE

0.0827 BHD

2023 MYR to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 0.0888. Conversely, the yearly low was recorded on October 24, dropping to 0.0787.

This high-to-low spread represents a total annual volatility of 0.0101 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0871 to the December average rate of 0.0810, the exchange rate registered a net change of -7.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0888 was down 1.67% compared to the 2022 peak of 0.0904, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 1,777 BHD

2022 Average 1,716 BHD

Yearly Trough Low 1,574 BHD

Transaction Impact: A difference of 202.69 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0879

0.0787

JanuMarcMayJulySeptNove

MYR 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 0.0846, compared to 0.0808 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.0846

H2 Avg (Jul–Dec) 0.0808

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0048 BHD (High: 0.0888 / Low: 0.0840). On the other end, September was the most stable month, with a tight range of 0.0011 BHD (High: 0.0811 / Low: 0.0801).

February Spread (Volatile) ±0.0048

September Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0020 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0871) against the same month in 2022 (average: 0.0900), the exchange rate shifted by -0.0029 (-3.22%).

2023 Avg (January) 0.0871

2022 Avg (January) 0.0900

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0888	0.0855	0.0871
February	0.0888	0.0840	0.0863
March	0.0855	0.0829	0.0843
April	0.0858	0.0836	0.0851
May	0.0850	0.0815	0.0834
June	0.0824	0.0803	0.0814
July	0.0834	0.0802	0.0820
August	0.0834	0.0809	0.0818
September	0.0811	0.0801	0.0805
October	0.0804	0.0787	0.0794
November	0.0813	0.0790	0.0803
December	0.0821	0.0802	0.0810