2023 PHP to BHD Historical Review

YEARLY HIGH

0.0070 BHD

YEARLY LOW

0.0066 BHD

YEARLY AVERAGE

0.0068 BHD

2023 PHP to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.0070. Conversely, the yearly low was recorded on September 26, dropping to 0.0066.

This high-to-low spread represents a total annual volatility of 0.0004 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0069 to the December average rate of 0.0068, the exchange rate registered a net change of -1.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0070 was down 5.30% compared to the 2022 peak of 0.0074, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 1,752 BHD

2022 Average 1,733 BHD

Yearly Trough Low 1,646 BHD

Transaction Impact: A difference of 106.09 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0069

0.0066

JanuMarcMayJulySeptNove

PHP 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 0.0068, compared to 0.0067 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0068

H2 Avg (Jul–Dec) 0.0067

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0003 BHD (High: 0.0070 / Low: 0.0067). On the other end, October was the most stable month, with a tight range of 0.0001 BHD (High: 0.0067 / Low: 0.0066).

February Spread (Volatile) ±0.0003

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0069) against the same month in 2022 (average: 0.0073), the exchange rate shifted by -0.0005 (-6.54%).

2023 Avg (February) 0.0069

2022 Avg (February) 0.0073

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0069	0.0067	0.0069
February	0.0070	0.0067	0.0069
March	0.0070	0.0068	0.0069
April	0.0069	0.0067	0.0068
May	0.0068	0.0067	0.0068
June	0.0068	0.0067	0.0068
July	0.0069	0.0067	0.0069
August	0.0069	0.0066	0.0067
September	0.0067	0.0066	0.0066
October	0.0067	0.0066	0.0066
November	0.0068	0.0067	0.0068
December	0.0068	0.0067	0.0068