2023 CNY to DKK Historical Review

YEARLY HIGH

1.0270 DKK

YEARLY LOW

0.9201 DKK

YEARLY AVERAGE

0.9748 DKK

2023 CNY to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 1.0270. Conversely, the yearly low was recorded on July 19, dropping to 0.9201.

This high-to-low spread represents a total annual volatility of 0.1069 DKK. From a start-to-finish perspective, comparing the January average rate of 1.0157 to the December average rate of 0.9592, the exchange rate registered a net change of -5.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0270 was down 6.96% compared to the 2022 peak of 1.1039, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 25,676 DKK

2022 Average 26,290 DKK

Yearly Trough Low 23,002 DKK

Transaction Impact: A difference of 2,673.16 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0250

0.9298

JanuMarcMayJulySeptNove

CNY 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 0.9952, compared to 0.9544 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0408 points.

H1 Avg (Jan–Jun) 0.9952

H2 Avg (Jul–Dec) 0.9544

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0422 DKK (High: 0.9830 / Low: 0.9408). On the other end, May was the most stable month, with a tight range of 0.0124 DKK (High: 0.9863 / Low: 0.9739).

June Spread (Volatile) ±0.0422

May Spread (Stable) ±0.0124

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0228 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0157) against the same month in 2022 (average: 1.0343), the exchange rate shifted by -0.0186 (-1.80%).

2023 Avg (January) 1.0157

2022 Avg (January) 1.0343

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0270	1.0042	1.0157
February	1.0245	1.0020	1.0171
March	1.0187	0.9940	1.0091
April	1.0038	0.9743	0.9873
May	0.9863	0.9739	0.9814
June	0.9830	0.9408	0.9606
July	0.9537	0.9201	0.9378
August	0.9553	0.9360	0.9437
September	0.9710	0.9492	0.9578
October	0.9900	0.9562	0.9708
November	0.9700	0.9455	0.9568
December	0.9730	0.9398	0.9592