2023 DKK to AED Historical Review

YEARLY HIGH

0.5541 AED

YEARLY LOW

0.5156 AED

YEARLY AVERAGE

0.5332 AED

2023 DKK to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.5541. Conversely, the yearly low was recorded on October 3, dropping to 0.5156.

This high-to-low spread represents a total annual volatility of 0.0386 AED. From a start-to-finish perspective, comparing the January average rate of 0.5325 to the December average rate of 0.5379, the exchange rate registered a net change of 1.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5541 was down 2.01% compared to the 2022 peak of 0.5655, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,771 AED

2022 Average 2,601 AED

Yearly Trough Low 2,578 AED

Transaction Impact: A difference of 192.78 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5476

0.5176

JanuMarcMayJulySeptNove

DKK to AED 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 0.5331, compared to 0.5332 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) 0.5331

H2 Avg (Jul–Dec) 0.5332

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0234 AED (High: 0.5437 / Low: 0.5203). On the other end, October was the most stable month, with a tight range of 0.0096 AED (High: 0.5251 / Low: 0.5156).

February Spread (Volatile) ±0.0234

October Spread (Stable) ±0.0096

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0118 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0118

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.5451) against the same month in 2022 (average: 0.5032), the exchange rate shifted by +0.0418 (+8.31%).

2023 Avg (July) 0.5451

2022 Avg (July) 0.5032

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5392	0.5196	0.5325
February	0.5437	0.5203	0.5277
March	0.5377	0.5205	0.5281
April	0.5448	0.5326	0.5402
May	0.5455	0.5274	0.5355
June	0.5420	0.5274	0.5345
July	0.5541	0.5353	0.5451
August	0.5427	0.5320	0.5376
September	0.5318	0.5175	0.5258
October	0.5251	0.5156	0.5201
November	0.5421	0.5209	0.5328
December	0.5473	0.5302	0.5379