2023 AFN to DKK Historical Review

YEARLY HIGH

0.1000 DKK

YEARLY LOW

0.0742 DKK

YEARLY AVERAGE

0.0839 DKK

2023 AFN to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 0.1000. Conversely, the yearly low was recorded on April 18, dropping to 0.0742.

This high-to-low spread represents a total annual volatility of 0.0258 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0776 to the December average rate of 0.0976, the exchange rate registered a net change of 25.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1000 was up 11.27% compared to the 2022 peak of 0.0898, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 500 DKK

2022 Average 395 DKK

Yearly Trough Low 371 DKK

Transaction Impact: A difference of 128.82 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0996

0.0756

JanuMarcMayJulySeptNove

AFN to DKK 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 0.0785, compared to 0.0893 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 0.0785

H2 Avg (Jul–Dec) 0.0893

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0099 DKK (High: 0.0948 / Low: 0.0849). On the other end, March was the most stable month, with a tight range of 0.0028 DKK (High: 0.0809 / Low: 0.0782).

September Spread (Volatile) ±0.0099

March Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0014 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0976) against the same month in 2022 (average: 0.0803), the exchange rate shifted by +0.0173 (+21.56%).

2023 Avg (December) 0.0976

2022 Avg (December) 0.0803

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0803	0.0762	0.0776
February	0.0799	0.0751	0.0776
March	0.0809	0.0782	0.0794
April	0.0798	0.0742	0.0785
May	0.0798	0.0766	0.0784
June	0.0810	0.0778	0.0793
July	0.0799	0.0761	0.0778
August	0.0847	0.0781	0.0809
September	0.0948	0.0849	0.0897
October	0.0959	0.0908	0.0935
November	0.0994	0.0937	0.0965
December	0.1000	0.0954	0.0976