2023 PEN to BHD Historical Review

YEARLY HIGH

0.1060 BHD

YEARLY LOW

0.0966 BHD

YEARLY AVERAGE

0.1008 BHD

2023 PEN to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.1060. Conversely, the yearly low was recorded on January 26, dropping to 0.0966.

This high-to-low spread represents a total annual volatility of 0.0093 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0986 to the December average rate of 0.1009, the exchange rate registered a net change of 2.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1060 was up 2.19% compared to the 2022 peak of 0.1037, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 530 BHD

2022 Average 492 BHD

Yearly Trough Low 483 BHD

Transaction Impact: A difference of 46.65 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1053

0.0975

JanuMarcMayJulySeptNove

PEN 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 0.1004, compared to 0.1012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.1004

H2 Avg (Jul–Dec) 0.1012

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0035 BHD (High: 0.1045 / Low: 0.1011). On the other end, March was the most stable month, with a tight range of 0.0014 BHD (High: 0.1004 / Low: 0.0990).

August Spread (Volatile) ±0.0035

March Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between February and July, 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 September and October, when the average rate fell by 0.0030 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1047) against the same month in 2022 (average: 0.0968), the exchange rate shifted by +0.0079 (+8.15%).

2023 Avg (July) 0.1047

2022 Avg (July) 0.0968

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0999	0.0966	0.0986
February	0.0992	0.0968	0.0982
March	0.1004	0.0990	0.0997
April	0.1018	0.0996	0.1003
May	0.1033	0.1014	0.1023
June	0.1041	0.1017	0.1033
July	0.1060	0.1035	0.1047
August	0.1045	0.1011	0.1021
September	0.1021	0.0993	0.1012
October	0.0995	0.0972	0.0982
November	0.1013	0.0979	0.0999
December	0.1021	0.0996	0.1009