2023 DKK to AFN Historical Review

YEARLY HIGH

13.4771 AFN

YEARLY LOW

10.0035 AFN

YEARLY AVERAGE

12.0132 AFN

2023 DKK to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 13.4771. Conversely, the yearly low was recorded on December 9, dropping to 10.0035.

This high-to-low spread represents a total annual volatility of 3.4736 AFN. From a start-to-finish perspective, comparing the January average rate of 12.8829 to the December average rate of 10.2455, the exchange rate registered a net change of -20.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.4771 was down 16.76% compared to the 2022 peak of 16.1907, 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 67,385 AFN

2022 Average 63,835 AFN

Yearly Trough Low 50,018 AFN

Transaction Impact: A difference of 17,367.84 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.1466

9.9818

JanuMarcMayJulySeptNove

DKK to AFN 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 12.7466, compared to 11.2797 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4669 points.

H1 Avg (Jan–Jun) 12.7466

H2 Avg (Jul–Dec) 11.2797

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 1.2358 AFN (High: 11.7808 / Low: 10.5451). On the other end, March was the most stable month, with a tight range of 0.4369 AFN (High: 12.7916 / Low: 12.3546).

September Spread (Volatile) ±1.2358

March Spread (Stable) ±0.4369

Growth Streaks & Declines

Trends

Between March and May, 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 1.1974 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1974

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 12.7428) against the same month in 2022 (average: 12.7201), the exchange rate shifted by +0.0227 (+0.18%).

2023 Avg (April) 12.7428

2022 Avg (April) 12.7201

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.1207	12.4559	12.8829
February	13.3118	12.5116	12.8817
March	12.7916	12.3546	12.5966
April	13.4771	12.5299	12.7428
May	13.0483	12.5293	12.7569
June	12.8525	12.3517	12.6189
July	13.1419	12.5227	12.8545
August	12.7973	11.8132	12.3577
September	11.7808	10.5451	11.1603
October	11.0175	10.4253	10.6958
November	10.6765	10.0578	10.3643
December	10.4785	10.0035	10.2455