2023 DKK to GBP Historical Review

YEARLY HIGH

0.1204 GBP

YEARLY LOW

0.1143 GBP

YEARLY AVERAGE

0.1167 GBP

2023 DKK to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 0.1204. Conversely, the yearly low was recorded on July 11, dropping to 0.1143.

This high-to-low spread represents a total annual volatility of 0.0061 GBP. From a start-to-finish perspective, comparing the January average rate of 0.1184 to the December average rate of 0.1156, the exchange rate registered a net change of -2.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1204 was down 0.24% compared to the 2022 peak of 0.1207, 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 602 GBP

2022 Average 573 GBP

Yearly Trough Low 571 GBP

Transaction Impact: A difference of 30.63 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1195

0.1148

JanuMarcMayJulySeptNove

DKK to GBP 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 0.1177, compared to 0.1158 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.1177

H2 Avg (Jul–Dec) 0.1158

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0031 GBP (High: 0.1184 / Low: 0.1154). On the other end, October was the most stable month, with a tight range of 0.0013 GBP (High: 0.1170 / Low: 0.1157).

May Spread (Volatile) ±0.0031

October Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between June and November, 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 May and June, when the average rate fell by 0.0017 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1191) against the same month in 2022 (average: 0.1126), the exchange rate shifted by +0.0065 (+5.74%).

2023 Avg (February) 0.1191

2022 Avg (February) 0.1126

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1195	0.1175	0.1184
February	0.1204	0.1181	0.1191
March	0.1198	0.1173	0.1185
April	0.1189	0.1174	0.1182
May	0.1184	0.1154	0.1169
June	0.1159	0.1145	0.1152
July	0.1162	0.1143	0.1152
August	0.1163	0.1143	0.1152
September	0.1167	0.1145	0.1156
October	0.1170	0.1157	0.1164
November	0.1175	0.1157	0.1167
December	0.1166	0.1149	0.1156