2023 DKK to ISK Historical Review

YEARLY HIGH

21.1184 ISK

YEARLY LOW

19.0655 ISK

YEARLY AVERAGE

20.0147 ISK

2023 DKK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 21.1184. Conversely, the yearly low was recorded on August 31, dropping to 19.0655.

This high-to-low spread represents a total annual volatility of 2.0529 ISK. From a start-to-finish perspective, comparing the January average rate of 20.7170 to the December average rate of 20.1881, the exchange rate registered a net change of -2.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.1184 was up 3.08% compared to the 2022 peak of 20.4875, 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 105,592 ISK

2022 Average 95,627 ISK

Yearly Trough Low 95,327 ISK

Transaction Impact: A difference of 10,264.68 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.8591

19.1540

JanuMarcMayJulySeptNove

DKK to ISK 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 20.2856, compared to 19.7438 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5418 points.

H1 Avg (Jan–Jun) 20.2856

H2 Avg (Jul–Dec) 19.7438

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.8603 ISK (High: 20.6461 / Low: 19.7858). On the other end, April was the most stable month, with a tight range of 0.1761 ISK (High: 20.1642 / Low: 19.9881).

November Spread (Volatile) ±0.8603

April Spread (Stable) ±0.1761

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.4385 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4385

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 20.7170) against the same month in 2022 (average: 19.6240), the exchange rate shifted by +1.0930 (+5.57%).

2023 Avg (January) 20.7170

2022 Avg (January) 19.6240

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.1184	20.3852	20.7170
February	20.7818	20.3016	20.5550
March	20.3622	19.8668	20.1165
April	20.1642	19.9881	20.0760
May	20.3672	19.9926	20.1880
June	20.2591	19.8558	20.0610
July	20.0476	19.3642	19.6891
August	19.4726	19.0655	19.2961
September	19.5372	19.0746	19.3722
October	19.7641	19.4218	19.6265
November	20.6461	19.7858	20.2908
December	20.3603	20.1272	20.1881