YEARLY HIGH
320.9621 BIF
YEARLY LOW
269.7129 BIF
YEARLY AVERAGE
293.2773 BIF

2020 DKK to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the DKK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 320.9621. Conversely, the yearly low was recorded on March 19, dropping to 269.7129.

This high-to-low spread represents a total annual volatility of 51.2492 BIF. From a start-to-finish perspective, comparing the January average rate of 280.0397 to the December average rate of 317.7820, the exchange rate registered a net change of 13.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 320.9621 was up 13.63% compared to the 2019 peak of 282.4662, 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 1,604,810 BIF
2019 Average 1,380,774 BIF
Yearly Trough Low 1,348,564 BIF
Transaction Impact: A difference of 256,245.95 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

321.9725
271.6861
JanuMarcMayJulySeptNove

DKK to BIF 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 279.7946, compared to 306.7600 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 26.9655 points.

H1 Avg (Jan–Jun) 279.7946
H2 Avg (Jul–Dec) 306.7600

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 18.9863 BIF (High: 288.6992 / Low: 269.7129). On the other end, January was the most stable month, with a tight range of 4.7475 BIF (High: 282.5560 / Low: 277.8085).

March Spread (Volatile) ±18.9863
January Spread (Stable) ±4.7475

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 4.1630 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -4.1630

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 317.7820) against the same month in 2019 (average: 279.1979), the exchange rate shifted by +38.5841 (+13.82%).

2020 Avg (December) 317.7820
2019 Avg (December) 279.1979

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 282.5560 277.8085 280.0397
February 280.7783 272.6821 275.8766
March 288.6992 269.7129 280.2038
April 279.0390 273.3444 276.1484
May 284.0364 275.2030 278.5624
June 290.1454 283.5243 287.9365
July 307.1736 288.2910 296.1223
August 309.2779 303.9826 306.4024
September 309.0278 301.6933 305.9117
October 308.4255 303.5186 305.8802
November 312.1735 302.5207 308.4617
December 320.9621 314.9046 317.7820