2024 DKK to CAD Historical Review

YEARLY HIGH

0.2033 CAD

YEARLY LOW

0.1945 CAD

YEARLY AVERAGE

0.1987 CAD

2024 DKK to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DKK to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 0.2033. Conversely, the yearly low was recorded on February 12, dropping to 0.1945.

This high-to-low spread represents a total annual volatility of 0.0089 CAD. From a start-to-finish perspective, comparing the January average rate of 0.1963 to the December average rate of 0.2002, the exchange rate registered a net change of 2.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2033 was up 0.41% compared to the 2023 peak of 0.2025, 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 1,017 CAD

2023 Average 980 CAD

Yearly Trough Low 972 CAD

Transaction Impact: A difference of 44.35 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2025

0.1947

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 0.1969, compared to 0.2006 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.1969

H2 Avg (Jul–Dec) 0.2006

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0072 CAD (High: 0.2030 / Low: 0.1958). On the other end, April was the most stable month, with a tight range of 0.0022 CAD (High: 0.1976 / Low: 0.1954).

November Spread (Volatile) ±0.0072

April Spread (Stable) ±0.0022

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 October and November, when the average rate fell by 0.0018 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.2010) against the same month in 2023 (average: 0.1942), the exchange rate shifted by +0.0068 (+3.50%).

2024 Avg (October) 0.2010

2023 Avg (October) 0.1942

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1974	0.1947	0.1963
February	0.1974	0.1945	0.1954
March	0.1985	0.1955	0.1973
April	0.1976	0.1954	0.1966
May	0.1990	0.1966	0.1981
June	0.1996	0.1961	0.1977
July	0.2012	0.1971	0.1995
August	0.2031	0.1998	0.2019
September	0.2033	0.1998	0.2017
October	0.2033	0.1998	0.2010
November	0.2030	0.1958	0.1992
December	0.2016	0.1977	0.2002