2023 DKK to INR Historical Review

YEARLY HIGH

12.4075 INR

YEARLY LOW

11.6184 INR

YEARLY AVERAGE

11.9858 INR

2023 DKK to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 12.4075. Conversely, the yearly low was recorded on March 8, dropping to 11.6184.

This high-to-low spread represents a total annual volatility of 0.7891 INR. From a start-to-finish perspective, comparing the January average rate of 11.8481 to the December average rate of 12.1921, the exchange rate registered a net change of 2.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.4075 was up 4.15% compared to the 2022 peak of 11.9132, 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 62,037 INR

2022 Average 55,588 INR

Yearly Trough Low 58,092 INR

Transaction Impact: A difference of 3,945.31 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.2380

11.7443

JanuMarcMayJulySeptNove

DKK to INR 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 11.9269, compared to 12.0447 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1178 points.

H1 Avg (Jan–Jun) 11.9269

H2 Avg (Jul–Dec) 12.0447

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.5009 INR (High: 12.3083 / Low: 11.8074). On the other end, October was the most stable month, with a tight range of 0.1880 INR (High: 11.8704 / Low: 11.6823).

November Spread (Volatile) ±0.5009

October Spread (Stable) ±0.1880

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 0.2360 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2360

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 12.1921) against the same month in 2022 (average: 11.7389), the exchange rate shifted by +0.4531 (+3.86%).

2023 Avg (December) 12.1921

2022 Avg (December) 11.7389

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.9645	11.6918	11.8481
February	12.0963	11.7430	11.8720
March	12.0462	11.6184	11.8251
April	12.1422	11.9190	12.0540
May	12.1484	11.8702	12.0033
June	12.0923	11.8331	11.9589
July	12.3807	11.9829	12.1968
August	12.2253	11.9559	12.1250
September	11.9788	11.7282	11.8890
October	11.8704	11.6823	11.7855
November	12.3083	11.8074	12.0797
December	12.4075	12.0325	12.1921