2024 DKK to CVE Historical Review

YEARLY HIGH

14.9958 CVE

YEARLY LOW

14.5288 CVE

YEARLY AVERAGE

14.7936 CVE

2024 DKK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DKK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 14.9958. Conversely, the yearly low was recorded on April 13, dropping to 14.5288.

This high-to-low spread represents a total annual volatility of 0.4669 CVE. From a start-to-finish perspective, comparing the January average rate of 14.7937 to the December average rate of 14.7747, the exchange rate registered a net change of -0.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 14.9958 was down 1.61% compared to the 2023 peak of 15.2419, 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 74,979 CVE

2023 Average 74,086 CVE

Yearly Trough Low 72,644 CVE

Transaction Impact: A difference of 2,334.65 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

14.8245

14.7571

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 14.7937, compared to 14.7935 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 14.7937

H2 Avg (Jul–Dec) 14.7935

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.3482 CVE (High: 14.8770 / Low: 14.5288). On the other end, October was the most stable month, with a tight range of 0.1171 CVE (High: 14.8491 / Low: 14.7320).

April Spread (Volatile) ±0.3482

October Spread (Stable) ±0.1171

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0365 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0365

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 14.8189) against the same month in 2023 (average: 14.7989), the exchange rate shifted by +0.0200 (+0.14%).

2024 Avg (August) 14.8189

2023 Avg (August) 14.7989

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.8843	14.7327	14.7937
February	14.8945	14.6977	14.8073
March	14.9364	14.7069	14.7992
April	14.8770	14.5288	14.7627
May	14.9533	14.7331	14.8054
June	14.8701	14.6993	14.7941
July	14.8920	14.7379	14.7919
August	14.9958	14.7612	14.8189
September	14.8876	14.7554	14.7989
October	14.8491	14.7320	14.7962
November	14.8899	14.5825	14.7802
December	14.8654	14.5728	14.7747