2023 DKK to BIF Historical Review

YEARLY HIGH

427.3440 BIF

YEARLY LOW

292.3927 BIF

YEARLY AVERAGE

369.5440 BIF

2023 DKK to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 427.3440. Conversely, the yearly low was recorded on February 24, dropping to 292.3927.

This high-to-low spread represents a total annual volatility of 134.9513 BIF. From a start-to-finish perspective, comparing the January average rate of 299.9557 to the December average rate of 417.5323, the exchange rate registered a net change of 39.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 427.3440 was up 37.83% compared to the 2022 peak of 310.0584, 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 2,136,720 BIF

2022 Average 1,445,571 BIF

Yearly Trough Low 1,461,963 BIF

Transaction Impact: A difference of 674,756.48 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

432.0877

285.6751

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 327.0696, compared to 412.0184 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 84.9487 points.

H1 Avg (Jan–Jun) 327.0696

H2 Avg (Jul–Dec) 412.0184

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 107.7198 BIF (High: 409.1522 / Low: 301.4325). On the other end, April was the most stable month, with a tight range of 7.1506 BIF (High: 308.7563 / Low: 301.6057).

May Spread (Volatile) ±107.7198

April Spread (Stable) ±7.1506

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 8.8244 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -8.8244

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 419.8867) against the same month in 2022 (average: 281.6804), the exchange rate shifted by +138.2062 (+49.06%).

2023 Avg (July) 419.8867

2022 Avg (July) 281.6804

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	303.7803	292.7306	299.9557
February	307.0168	292.3927	297.8762
March	304.6175	293.7635	298.5424
April	308.7563	301.6057	305.8397
May	409.1522	301.4325	348.4402
June	417.2297	405.6004	411.7637
July	427.3440	411.4219	419.8867
August	418.6724	410.6769	414.8192
September	411.4648	400.3922	405.9948
October	406.2427	398.6172	401.9302
November	420.0228	402.5623	411.9469
December	424.7751	411.1426	417.5323