2024 MYR to BHD Historical Review

YEARLY HIGH

0.0914 BHD

YEARLY LOW

0.0786 BHD

YEARLY AVERAGE

0.0825 BHD

2024 MYR to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 0.0914. Conversely, the yearly low was recorded on February 20, dropping to 0.0786.

This high-to-low spread represents a total annual volatility of 0.0129 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0805 to the December average rate of 0.0845, the exchange rate registered a net change of 4.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0914 was up 2.88% compared to the 2023 peak of 0.0888, 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 1,828 BHD

2023 Average 1,654 BHD

Yearly Trough Low 1,571 BHD

Transaction Impact: A difference of 257.02 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0894

0.0781

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 0.0797, compared to 0.0853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 0.0797

H2 Avg (Jul–Dec) 0.0853

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0051 BHD (High: 0.0914 / Low: 0.0863). On the other end, June was the most stable month, with a tight range of 0.0010 BHD (High: 0.0808 / Low: 0.0797).

September Spread (Volatile) ±0.0051

June Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0027 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.0885) against the same month in 2023 (average: 0.0805), the exchange rate shifted by +0.0080 (+9.89%).

2024 Avg (September) 0.0885

2023 Avg (September) 0.0805

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0822	0.0797	0.0805
February	0.0804	0.0786	0.0791
March	0.0806	0.0792	0.0799
April	0.0801	0.0786	0.0791
May	0.0805	0.0790	0.0799
June	0.0808	0.0797	0.0800
July	0.0820	0.0799	0.0805
August	0.0874	0.0825	0.0853
September	0.0914	0.0863	0.0885
October	0.0905	0.0861	0.0877
November	0.0868	0.0841	0.0850
December	0.0854	0.0834	0.0845