YEARLY HIGH
0.0688 DKK
YEARLY LOW
0.0265 DKK
YEARLY AVERAGE
0.0672 DKK

2020 CVE to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CVE to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.0688. Conversely, the yearly low was recorded on March 18, dropping to 0.0265.

This high-to-low spread represents a total annual volatility of 0.0423 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0675 to the December average rate of 0.0672, the exchange rate registered a net change of -0.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0688 was up 0.66% compared to the 2019 peak of 0.0684, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 344 DKK
2019 Average 338 DKK
Yearly Trough Low 133 DKK
Transaction Impact: A difference of 211.43 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0677
0.0659
JanuMarcMayJulySeptNove

CVE 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 0.0672, compared to 0.0672 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0672
H2 Avg (Jul–Dec) 0.0672

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0423 DKK (High: 0.0688 / Low: 0.0265). On the other end, May was the most stable month, with a tight range of 0.0005 DKK (High: 0.0676 / Low: 0.0671).

March Spread (Volatile) ±0.0423
May Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0015 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0660) against the same month in 2019 (average: 0.0675), the exchange rate shifted by -0.0015 (-2.24%).

2020 Avg (March) 0.0660
2019 Avg (March) 0.0675

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0678 0.0672 0.0675
February 0.0678 0.0672 0.0675
March 0.0688 0.0265 0.0660
April 0.0682 0.0668 0.0674
May 0.0676 0.0671 0.0674
June 0.0678 0.0669 0.0673
July 0.0676 0.0630 0.0671
August 0.0681 0.0665 0.0674
September 0.0678 0.0668 0.0673
October 0.0675 0.0669 0.0672
November 0.0676 0.0667 0.0672
December 0.0674 0.0669 0.0672