2023 DKK to CVE Historical Review

YEARLY HIGH

15.2419 CVE

YEARLY LOW

14.6316 CVE

YEARLY AVERAGE

14.8171 CVE

2023 DKK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 15.2419. Conversely, the yearly low was recorded on February 3, dropping to 14.6316.

This high-to-low spread represents a total annual volatility of 0.6103 CVE. From a start-to-finish perspective, comparing the January average rate of 14.8572 to the December average rate of 14.8165, the exchange rate registered a net change of -0.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.2419 was down 1.77% compared to the 2022 peak of 15.5171, 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 76,209 CVE

2022 Average 74,277 CVE

Yearly Trough Low 73,158 CVE

Transaction Impact: A difference of 3,051.27 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.8645

14.7771

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 14.8277, compared to 14.8065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0212 points.

H1 Avg (Jan–Jun) 14.8277

H2 Avg (Jul–Dec) 14.8065

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.5032 CVE (High: 15.2419 / Low: 14.7387). On the other end, August was the most stable month, with a tight range of 0.1699 CVE (High: 14.8905 / Low: 14.7206).

December Spread (Volatile) ±0.5032

August Spread (Stable) ±0.1699

Growth Streaks & Declines

Trends

Between April and June, 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 January and February, when the average rate fell by 0.0496 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0496

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 14.8165) against the same month in 2022 (average: 14.8580), the exchange rate shifted by -0.0415 (-0.28%).

2023 Avg (December) 14.8165

2022 Avg (December) 14.8580

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.0295	14.6479	14.8572
February	15.0080	14.6316	14.8076
March	14.9155	14.6523	14.8192
April	14.8797	14.6532	14.8110
May	14.8796	14.6874	14.8225
June	15.1726	14.7517	14.8489
July	15.0423	14.6378	14.8129
August	14.8905	14.7206	14.7989
September	14.8538	14.6459	14.7844
October	14.9207	14.6723	14.7952
November	15.0942	14.7229	14.8312
December	15.2419	14.7387	14.8165