YEARLY HIGH
10017.2543 IRR
YEARLY LOW
6003.6591 IRR
YEARLY AVERAGE
6458.3908 IRR

2020 DKK to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the DKK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 7, valuing the pair at 10017.2543. Conversely, the yearly low was recorded on March 19, dropping to 6003.6591.

This high-to-low spread represents a total annual volatility of 4013.5952 IRR. From a start-to-finish perspective, comparing the January average rate of 6256.3298 to the December average rate of 6888.2715, the exchange rate registered a net change of 10.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 10017.2543 was up 50.78% compared to the 2019 peak of 6643.6398, 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 50,086,271 IRR
2019 Average 31,606,140 IRR
Yearly Trough Low 30,018,295 IRR
Transaction Impact: A difference of 20,067,975.88 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

6963.8878
6056.4923
JanuMarcMayJulySeptNove

DKK to IRR 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 6216.9226, compared to 6699.8589 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 482.9363 points.

H1 Avg (Jan–Jun) 6216.9226
H2 Avg (Jul–Dec) 6699.8589

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 3667.8837 IRR (High: 10017.2543 / Low: 6349.3706). On the other end, April was the most stable month, with a tight range of 113.6013 IRR (High: 6197.0927 / Low: 6083.4914).

July Spread (Volatile) ±3667.8837
April Spread (Stable) ±113.6013

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 107.2831 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -107.2831

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2020: 6597.9888) against the same month in 2019 (average: 6323.6691), the exchange rate shifted by +274.3197 (+4.34%).

2020 Avg (July) 6597.9888
2019 Avg (July) 6323.6691

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6322.6986 6205.7058 6256.3298
February 6257.1193 6082.1091 6152.8186
March 6428.0186 6003.6591 6239.3917
April 6197.0927 6083.4914 6132.1086
May 6279.0202 6094.2249 6163.6133
June 6420.5289 6282.9292 6357.2737
July 10017.2543 6349.3706 6597.9888
August 6755.5307 6634.7836 6689.4023
September 6744.0436 6578.3512 6668.7537
October 6711.2436 6587.4493 6656.3994
November 6772.8947 6581.4771 6698.3379
December 6958.9348 6828.3657 6888.2715