2023 ZAR to BHD Historical Review

YEARLY HIGH

0.0225 BHD

YEARLY LOW

0.0191 BHD

YEARLY AVERAGE

0.0204 BHD

2023 ZAR to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.0225. Conversely, the yearly low was recorded on May 25, dropping to 0.0191.

This high-to-low spread represents a total annual volatility of 0.0035 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0221 to the December average rate of 0.0203, the exchange rate registered a net change of -8.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0225 was down 13.43% compared to the 2022 peak of 0.0260, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,126 BHD

2022 Average 1,156 BHD

Yearly Trough Low 953 BHD

Transaction Impact: A difference of 172.80 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0223

0.0195

JanuMarcMayJulySeptNove

ZAR 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 0.0207, compared to 0.0202 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0207

H2 Avg (Jul–Dec) 0.0202

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0018 BHD (High: 0.0215 / Low: 0.0197). On the other end, September was the most stable month, with a tight range of 0.0005 BHD (High: 0.0201 / Low: 0.0196).

July Spread (Volatile) ±0.0018

September Spread (Stable) ±0.0005

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 January and February, when the average rate fell by 0.0011 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0221) against the same month in 2022 (average: 0.0243), the exchange rate shifted by -0.0023 (-9.25%).

2023 Avg (January) 0.0221

2022 Avg (January) 0.0243

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0225	0.0217	0.0221
February	0.0221	0.0204	0.0210
March	0.0212	0.0198	0.0206
April	0.0212	0.0204	0.0207
May	0.0206	0.0191	0.0197
June	0.0207	0.0192	0.0201
July	0.0215	0.0197	0.0207
August	0.0206	0.0196	0.0201
September	0.0201	0.0196	0.0199
October	0.0202	0.0193	0.0198
November	0.0207	0.0200	0.0203
December	0.0206	0.0198	0.0203