2023 DKK to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 DKK to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the DKK to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 412.2427. Conversely, the yearly low was recorded on January 5, dropping to 288.9493.
This high-to-low spread represents a total annual volatility of 123.2934 CDF. From a start-to-finish perspective, comparing the January average rate of 297.0359 to the December average rate of 398.7610, the exchange rate registered a net change of 34.25% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 412.2427 was up 33.02% compared to the 2022 peak of 309.9046, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DKK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
DKK to CDF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 309.8913, compared to 368.1276 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 58.2363 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 45.3588 CDF (High: 397.7656 / Low: 352.4068). On the other end, September was the most stable month, with a tight range of 9.0726 CDF (High: 359.9662 / Low: 350.8936).
Growth Streaks & Declines
TrendsBetween 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 6.8628 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 398.7610) against the same month in 2022 (average: 291.2556), the exchange rate shifted by +107.5054 (+36.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 302.5948 | 288.9493 | 297.0359 |
| February | 304.0219 | 289.7011 | 296.3332 |
| March | 304.3509 | 292.0305 | 297.3558 |
| April | 323.6973 | 297.7689 | 306.1408 |
| May | 336.7605 | 297.9746 | 318.9622 |
| June | 353.1420 | 334.2030 | 343.5200 |
| July | 379.0584 | 353.0179 | 366.4151 |
| August | 366.6849 | 357.4920 | 362.4398 |
| September | 359.9662 | 350.8936 | 355.5770 |
| October | 367.6575 | 348.1424 | 356.6170 |
| November | 397.7656 | 352.4068 | 368.9560 |
| December | 412.2427 | 386.1498 | 398.7610 |