Prepared by: Professor Ali Gamal Abdel Gawad – Lecturer of Investment and Finance
USD/BHD Analysis: US Dollar vs. Bahraini Dinar
Current Prices:
Current Price: 0.3770 BHD/USD
Daily Change: 0.00% (Completely Stable)
Today's Range: 0.3770 - 0.3770 BHD
52-Week Range: 0.3766 - 0.3775 BHD
Historical Performance
The USD/BHD pair shows remarkable stability across all timeframes:
Daily, Weekly, Monthly, 3 Months, 6 Months: No significant changes
Annually: Slight increase of +0.01%
Five Years: Slight decrease of -0.01%
This reflects the complete stability of the Bahraini dinar against the US dollar, a result of the long-standing policy of pegging the dinar to the dollar.
Technical Analysis
The daily chart shows a very narrow trading range around 0.377 BHD.
Support Level: 0.3766 – 0.3770 Bahraini Dinar
Resistance Level: 0.3770 – 0.3775 Bahraini Dinar
This stability reflects the absence of any significant buying or selling pressure on the Bahraini Dinar and confirms the effectiveness of the Central Bank of Bahrain's monetary policy in maintaining the currency's value.
Influencing Economic Factors
The fixed peg of the Dinar to the US Dollar: This policy ensures price stability and limits any significant fluctuations.
Foreign reserves and the domestic economy: Oil inflows and government revenues support the strength of the Dinar.
The Bahraini economic situation: Stable economic growth and low inflation reinforce currency stability.
Global factors: The movement of the global US Dollar has a very limited impact on the Bahraini Dinar due to the fixed peg.
Future Outlook
Short and medium term: The price is expected to remain stable at 0.377 Dinar/US Dollar with any very minor changes.
Long term: The continued peg to the US Dollar maintains the stability of the Bahraini Dinar, making it one of the most stable currencies globally.
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