2023 DKK to CAD Historical Review

YEARLY HIGH

0.2025 CAD

YEARLY LOW

0.1902 CAD

YEARLY AVERAGE

0.1960 CAD

2023 DKK to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 0.2025. Conversely, the yearly low was recorded on September 27, dropping to 0.1902.

This high-to-low spread represents a total annual volatility of 0.0123 CAD. From a start-to-finish perspective, comparing the January average rate of 0.1946 to the December average rate of 0.1964, the exchange rate registered a net change of 0.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2025 was up 3.22% compared to the 2022 peak of 0.1962, 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 1,012 CAD

2022 Average 921 CAD

Yearly Trough Low 951 CAD

Transaction Impact: A difference of 61.34 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1994

0.1928

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 0.1957, compared to 0.1962 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.1957

H2 Avg (Jul–Dec) 0.1962

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0077 CAD (High: 0.2025 / Low: 0.1948). On the other end, June was the most stable month, with a tight range of 0.0021 CAD (High: 0.1943 / Low: 0.1922).

May Spread (Volatile) ±0.0077

June Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between February and April, 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 May and June, when the average rate fell by 0.0039 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1973) against the same month in 2022 (average: 0.1826), the exchange rate shifted by +0.0147 (+8.05%).

2023 Avg (May) 0.1973

2022 Avg (May) 0.1826

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1964	0.1919	0.1946
February	0.1965	0.1915	0.1933
March	0.2003	0.1937	0.1970
April	0.2020	0.1958	0.1988
May	0.2025	0.1948	0.1973
June	0.1943	0.1922	0.1934
July	0.1995	0.1932	0.1963
August	0.1985	0.1960	0.1974
September	0.1969	0.1902	0.1940
October	0.1967	0.1922	0.1942
November	0.2015	0.1955	0.1988
December	0.1976	0.1955	0.1964