YEARLY HIGH
0.0296 BHD
YEARLY LOW
0.0266 BHD
YEARLY AVERAGE
0.0281 BHD

2023 SCR to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SCR to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 0.0296. Conversely, the yearly low was recorded on February 11, dropping to 0.0266.

This high-to-low spread represents a total annual volatility of 0.0030 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0278 to the December average rate of 0.0281, the exchange rate registered a net change of 0.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0296 was down 0.99% compared to the 2022 peak of 0.0299, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 148 BHD
2022 Average 139 BHD
Yearly Trough Low 133 BHD
Transaction Impact: A difference of 15.24 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0288
0.0274
JanuMarcMayJulySeptNove

SCR 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 0.0278, compared to 0.0283 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0278
H2 Avg (Jul–Dec) 0.0283

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0026 BHD (High: 0.0292 / Low: 0.0266). On the other end, August was the most stable month, with a tight range of 0.0011 BHD (High: 0.0287 / Low: 0.0276).

January Spread (Volatile) ±0.0026
August Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between June and September, 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 May and June, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0287) against the same month in 2022 (average: 0.0281), the exchange rate shifted by +0.0006 (+2.03%).

2023 Avg (September) 0.0287
2022 Avg (September) 0.0281

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0292 0.0266 0.0278
February 0.0290 0.0266 0.0278
March 0.0290 0.0268 0.0280
April 0.0292 0.0268 0.0279
May 0.0287 0.0268 0.0279
June 0.0287 0.0266 0.0275
July 0.0290 0.0266 0.0282
August 0.0287 0.0276 0.0282
September 0.0296 0.0277 0.0287
October 0.0296 0.0273 0.0283
November 0.0289 0.0275 0.0282
December 0.0292 0.0269 0.0281