2023 CVE to DKK Historical Review

YEARLY HIGH

0.0683 DKK

YEARLY LOW

0.0656 DKK

YEARLY AVERAGE

0.0675 DKK

2023 CVE to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 0.0683. Conversely, the yearly low was recorded on December 14, dropping to 0.0656.

This high-to-low spread represents a total annual volatility of 0.0027 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0673 to the December average rate of 0.0675, the exchange rate registered a net change of 0.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0683 was down 3.95% compared to the 2022 peak of 0.0712, 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 342 DKK

2022 Average 337 DKK

Yearly Trough Low 328 DKK

Transaction Impact: A difference of 13.68 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0677

0.0673

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 0.0674, compared to 0.0675 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) 0.0674

H2 Avg (Jul–Dec) 0.0675

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0022 DKK (High: 0.0678 / Low: 0.0656). On the other end, August was the most stable month, with a tight range of 0.0008 DKK (High: 0.0679 / Low: 0.0672).

December Spread (Volatile) ±0.0022

August Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0675) against the same month in 2022 (average: 0.0672), the exchange rate shifted by +0.0003 (+0.46%).

2023 Avg (February) 0.0675

2022 Avg (February) 0.0672

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0683	0.0665	0.0673
February	0.0683	0.0666	0.0675
March	0.0682	0.0670	0.0675
April	0.0682	0.0672	0.0675
May	0.0681	0.0672	0.0675
June	0.0678	0.0659	0.0673
July	0.0683	0.0665	0.0675
August	0.0679	0.0672	0.0676
September	0.0683	0.0673	0.0676
October	0.0682	0.0670	0.0676
November	0.0679	0.0663	0.0674
December	0.0678	0.0656	0.0675