2023 NZD to BHD Historical Review

YEARLY HIGH

0.2456 BHD

YEARLY LOW

0.2184 BHD

YEARLY AVERAGE

0.2315 BHD

2023 NZD to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.2456. Conversely, the yearly low was recorded on October 25, dropping to 0.2184.

This high-to-low spread represents a total annual volatility of 0.0272 BHD. From a start-to-finish perspective, comparing the January average rate of 0.2415 to the December average rate of 0.2349, the exchange rate registered a net change of -2.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2456 was down 6.59% compared to the 2022 peak of 0.2630, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,228 BHD

2022 Average 1,199 BHD

Yearly Trough Low 1,092 BHD

Transaction Impact: A difference of 136.24 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2434

0.2203

JanuMarcMayJulySeptNove

NZD 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 0.2351, compared to 0.2278 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.2351

H2 Avg (Jul–Dec) 0.2278

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0145 BHD (High: 0.2456 / Low: 0.2311). On the other end, September was the most stable month, with a tight range of 0.0048 BHD (High: 0.2260 / Low: 0.2212).

February Spread (Volatile) ±0.0145

September Spread (Stable) ±0.0048

Growth Streaks & Declines

Trends

Between March and May, 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 July and August, when the average rate fell by 0.0086 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0086

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.2366) against the same month in 2022 (average: 0.2516), the exchange rate shifted by -0.0150 (-5.98%).

2023 Avg (February) 0.2366

2022 Avg (February) 0.2516

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2448	0.2348	0.2415
February	0.2456	0.2311	0.2366
March	0.2366	0.2300	0.2338
April	0.2382	0.2302	0.2339
May	0.2402	0.2271	0.2339
June	0.2350	0.2277	0.2312
July	0.2410	0.2297	0.2344
August	0.2315	0.2227	0.2258
September	0.2260	0.2212	0.2234
October	0.2278	0.2184	0.2222
November	0.2320	0.2216	0.2260
December	0.2393	0.2307	0.2349