2023 PGK to BHD Historical Review

YEARLY HIGH

0.1075 BHD

YEARLY LOW

0.0997 BHD

YEARLY AVERAGE

0.1047 BHD

2023 PGK to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 11, valuing the pair at 0.1075. Conversely, the yearly low was recorded on December 30, dropping to 0.0997.

This high-to-low spread represents a total annual volatility of 0.0078 BHD. From a start-to-finish perspective, comparing the January average rate of 0.1070 to the December average rate of 0.1008, the exchange rate registered a net change of -5.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1075 was down 1.14% compared to the 2022 peak of 0.1088, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 538 BHD

2022 Average 534 BHD

Yearly Trough Low 498 BHD

Transaction Impact: A difference of 39.22 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1076

0.0998

JanuMarcMayJulySeptNove

PGK 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 0.1067, compared to 0.1027 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0040 points.

H1 Avg (Jan–Jun) 0.1067

H2 Avg (Jul–Dec) 0.1027

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0041 BHD (High: 0.1071 / Low: 0.1030). On the other end, January was the most stable month, with a tight range of 0.0003 BHD (High: 0.1071 / Low: 0.1069).

August Spread (Volatile) ±0.0041

January Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between September and October, 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 (March 2023: 0.1069) against the same month in 2022 (average: 0.1071), the exchange rate shifted by -0.0001 (-0.13%).

2023 Avg (March) 0.1069

2022 Avg (March) 0.1071

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1071	0.1069	0.1070
February	0.1071	0.1056	0.1067
March	0.1075	0.1056	0.1069
April	0.1073	0.1055	0.1068
May	0.1071	0.1049	0.1067
June	0.1071	0.1043	0.1060
July	0.1071	0.1040	0.1055
August	0.1071	0.1030	0.1042
September	0.1056	0.1022	0.1034
October	0.1033	0.1001	0.1017
November	0.1019	0.0997	0.1004
December	0.1015	0.0997	0.1008