2023 DKK to GNF Historical Review

YEARLY HIGH

1299.2758 GNF

YEARLY LOW

1209.1251 GNF

YEARLY AVERAGE

1251.1009 GNF

2023 DKK to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 1299.2758. Conversely, the yearly low was recorded on October 3, dropping to 1209.1251.

This high-to-low spread represents a total annual volatility of 90.1507 GNF. From a start-to-finish perspective, comparing the January average rate of 1256.4581 to the December average rate of 1259.8805, the exchange rate registered a net change of 0.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1299.2758 was down 8.89% compared to the 2022 peak of 1426.0394, 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 6,496,379 GNF

2022 Average 6,241,048 GNF

Yearly Trough Low 6,045,626 GNF

Transaction Impact: A difference of 450,753.28 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1283.1862

1211.9844

JanuMarcMayJulySeptNove

DKK to GNF 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 1253.0592, compared to 1249.1425 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.9166 points.

H1 Avg (Jan–Jun) 1253.0592

H2 Avg (Jul–Dec) 1249.1425

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 55.8715 GNF (High: 1274.4963 / Low: 1218.6249). On the other end, October was the most stable month, with a tight range of 22.1605 GNF (High: 1231.2856 / Low: 1209.1251).

February Spread (Volatile) ±55.8715

October Spread (Stable) ±22.1605

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, when the average rate fell by 28.5310 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -28.5310

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1277.2527) against the same month in 2022 (average: 1189.7207), the exchange rate shifted by +87.5320 (+7.36%).

2023 Avg (July) 1277.2527

2022 Avg (July) 1189.7207

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1285.9293	1231.0444	1256.4581
February	1274.4963	1218.6249	1242.1365
March	1262.2653	1216.4582	1241.8608
April	1278.2083	1247.9095	1264.9667
May	1280.3565	1235.3667	1257.6254
June	1272.1358	1238.5787	1255.3076
July	1299.2758	1251.3902	1277.2527
August	1278.0435	1243.4206	1260.3896
September	1244.3047	1214.1866	1231.8586
October	1231.2856	1209.1251	1217.9179
November	1268.2872	1219.6127	1247.5559
December	1279.0337	1241.9640	1259.8805