YEARLY HIGH
37.7109 CVE
YEARLY LOW
14.5343 CVE
YEARLY AVERAGE
14.9140 CVE

2020 DKK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the DKK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 37.7109. Conversely, the yearly low was recorded on March 14, dropping to 14.5343.

This high-to-low spread represents a total annual volatility of 23.1766 CVE. From a start-to-finish perspective, comparing the January average rate of 14.8076 to the December average rate of 14.8733, the exchange rate registered a net change of 0.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 37.7109 was up 152.46% compared to the 2019 peak of 14.9376, 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 188,554 CVE
2019 Average 74,063 CVE
Yearly Trough Low 72,672 CVE
Transaction Impact: A difference of 115,882.89 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

15.6700
14.7292
JanuMarcMayJulySeptNove

DKK to CVE 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 14.9570, compared to 14.8710 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0860 points.

H1 Avg (Jan–Jun) 14.9570
H2 Avg (Jul–Dec) 14.8710

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 23.1766 CVE (High: 37.7109 / Low: 14.5343). On the other end, May was the most stable month, with a tight range of 0.1099 CVE (High: 14.9102 / Low: 14.8004).

March Spread (Volatile) ±23.1766
May Spread (Stable) ±0.1099

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.7584 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.7584

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 15.5916) against the same month in 2019 (average: 14.8096), the exchange rate shifted by +0.7820 (+5.28%).

2020 Avg (March) 15.5916
2019 Avg (March) 14.8096

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 14.8741 14.7468 14.8076
February 14.8912 14.7578 14.8210
March 37.7109 14.5343 15.5916
April 14.9630 14.6684 14.8331
May 14.9102 14.8004 14.8349
June 14.9445 14.7587 14.8535
July 15.8680 14.8017 14.9026
August 15.0375 14.6800 14.8330
September 14.9605 14.7473 14.8639
October 14.9439 14.8083 14.8748
November 14.9870 14.7946 14.8784
December 14.9462 14.8354 14.8733