2023 TOP to BHD Historical Review

YEARLY HIGH

0.1632 BHD

YEARLY LOW

0.1561 BHD

YEARLY AVERAGE

0.1596 BHD

2023 TOP to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 0.1632. Conversely, the yearly low was recorded on October 29, dropping to 0.1561.

This high-to-low spread represents a total annual volatility of 0.0070 BHD. From a start-to-finish perspective, comparing the January average rate of 0.1618 to the December average rate of 0.1605, the exchange rate registered a net change of -0.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1632 was down 2.89% compared to the 2022 peak of 0.1680, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 816 BHD

2022 Average 809 BHD

Yearly Trough Low 781 BHD

Transaction Impact: A difference of 35.23 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1623

0.1568

JanuMarcMayJulySeptNove

TOP 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 0.1604, compared to 0.1587 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.1604

H2 Avg (Jul–Dec) 0.1587

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0040 BHD (High: 0.1622 / Low: 0.1581). On the other end, September was the most stable month, with a tight range of 0.0011 BHD (High: 0.1581 / Low: 0.1571).

July Spread (Volatile) ±0.0040

September Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between May and July, 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 0.0019 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1618) against the same month in 2022 (average: 0.1657), the exchange rate shifted by -0.0039 (-2.33%).

2023 Avg (January) 0.1618

2022 Avg (January) 0.1657

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1632	0.1602	0.1618
February	0.1630	0.1597	0.1612
March	0.1607	0.1576	0.1597
April	0.1613	0.1578	0.1601
May	0.1611	0.1583	0.1597
June	0.1613	0.1580	0.1598
July	0.1622	0.1581	0.1604
August	0.1604	0.1574	0.1585
September	0.1581	0.1571	0.1576
October	0.1582	0.1561	0.1573
November	0.1599	0.1564	0.1581
December	0.1620	0.1594	0.1605