YEARLY HIGH
0.2139 CAD
YEARLY LOW
0.1914 CAD
YEARLY AVERAGE
0.2052 CAD

2020 DKK to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the DKK to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 0.2139. Conversely, the yearly low was recorded on February 19, dropping to 0.1914.

This high-to-low spread represents a total annual volatility of 0.0226 CAD. From a start-to-finish perspective, comparing the January average rate of 0.1943 to the December average rate of 0.2095, the exchange rate registered a net change of 7.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.2139 was up 2.27% compared to the 2019 peak of 0.2092, 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 1,070 CAD
2019 Average 995 CAD
Yearly Trough Low 957 CAD
Transaction Impact: A difference of 112.90 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.2120
0.1925
JanuMarcMayJulySeptNove

DKK to CAD 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 0.2015, compared to 0.2090 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0075 points.

H1 Avg (Jan–Jun) 0.2015
H2 Avg (Jul–Dec) 0.2090

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0133 CAD (High: 0.2120 / Low: 0.1987). On the other end, November was the most stable month, with a tight range of 0.0025 CAD (High: 0.2090 / Low: 0.2065).

March Spread (Volatile) ±0.0133
November Spread (Stable) ±0.0025

Growth Streaks & Declines

Trends

Between 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 March and April, when the average rate fell by 0.0017 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2020: 0.2079) against the same month in 2019 (average: 0.1967), the exchange rate shifted by +0.0111 (+5.67%).

2020 Avg (July) 0.2079
2019 Avg (July) 0.1967

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1966 0.1937 0.1943
February 0.1977 0.1914 0.1941
March 0.2120 0.1987 0.2064
April 0.2076 0.2024 0.2047
May 0.2099 0.2024 0.2048
June 0.2065 0.2027 0.2047
July 0.2139 0.2045 0.2079
August 0.2123 0.2084 0.2103
September 0.2111 0.2077 0.2093
October 0.2101 0.2073 0.2088
November 0.2090 0.2065 0.2080
December 0.2114 0.2074 0.2095