2024 DKK to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 DKK to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the DKK to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 10.8913. Conversely, the yearly low was recorded on November 22, dropping to 9.4301.
This high-to-low spread represents a total annual volatility of 1.4611 AFN. From a start-to-finish perspective, comparing the January average rate of 10.4632 to the December average rate of 9.7465, the exchange rate registered a net change of -6.85% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.8913 was down 19.19% compared to the 2023 peak of 13.4771, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DKK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 10.4089, compared to 10.0483 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3605 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 0.7245 AFN (High: 10.1746 / Low: 9.4501). On the other end, July was the most stable month, with a tight range of 0.1656 AFN (High: 10.3592 / Low: 10.1935).
Growth Streaks & Declines
TrendsBetween June and August, 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 September and October, when the average rate fell by 0.5486 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 10.5935) against the same month in 2023 (average: 12.8817), the exchange rate shifted by -2.2882 (-17.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.7722 | 10.2541 | 10.4632 |
| February | 10.8913 | 10.4312 | 10.5935 |
| March | 10.6730 | 10.2848 | 10.5192 |
| April | 10.4710 | 10.1542 | 10.3163 |
| May | 10.5162 | 10.2478 | 10.3870 |
| June | 10.4368 | 10.0420 | 10.1740 |
| July | 10.3592 | 10.1935 | 10.2924 |
| August | 10.6519 | 10.2615 | 10.4586 |
| September | 10.5470 | 10.1747 | 10.3497 |
| October | 10.1746 | 9.4501 | 9.8011 |
| November | 9.8519 | 9.4301 | 9.6417 |
| December | 9.8830 | 9.5307 | 9.7465 |