2023 TRY to BHD Historical Review

YEARLY HIGH

0.0202 BHD

YEARLY LOW

0.0128 BHD

YEARLY AVERAGE

0.0163 BHD

2023 TRY to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0202. Conversely, the yearly low was recorded on December 28, dropping to 0.0128.

This high-to-low spread represents a total annual volatility of 0.0074 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0201 to the December average rate of 0.0130, the exchange rate registered a net change of -35.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0202 was down 30.18% compared to the 2022 peak of 0.0289, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 1,008 BHD

2022 Average 1,154 BHD

Yearly Trough Low 638 BHD

Transaction Impact: A difference of 369.96 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0208

0.0122

JanuMarcMayJulySeptNove

TRY 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 0.0191, compared to 0.0136 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0054 points.

H1 Avg (Jan–Jun) 0.0191

H2 Avg (Jul–Dec) 0.0136

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0036 BHD (High: 0.0180 / Low: 0.0145). On the other end, January was the most stable month, with a tight range of 0.0001 BHD (High: 0.0202 / Low: 0.0200).

June Spread (Volatile) ±0.0036

January Spread (Stable) ±0.0001

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 May and June, when the average rate fell by 0.0031 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0201) against the same month in 2022 (average: 0.0279), the exchange rate shifted by -0.0078 (-27.97%).

2023 Avg (January) 0.0201

2022 Avg (January) 0.0279

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0202	0.0200	0.0201
February	0.0200	0.0199	0.0200
March	0.0200	0.0196	0.0198
April	0.0196	0.0192	0.0195
May	0.0194	0.0182	0.0191
June	0.0180	0.0145	0.0160
July	0.0146	0.0140	0.0142
August	0.0145	0.0139	0.0140
September	0.0141	0.0137	0.0140
October	0.0137	0.0133	0.0135
November	0.0133	0.0130	0.0131
December	0.0131	0.0128	0.0130