2020 DKK to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 DKK to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the DKK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 23.9942. Conversely, the yearly low was recorded on March 19, dropping to 19.3038.
This high-to-low spread represents a total annual volatility of 4.6904 JMD. From a start-to-finish perspective, comparing the January average rate of 19.9937 to the December average rate of 23.5138, the exchange rate registered a net change of 17.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 23.9942 was up 14.06% compared to the 2019 peak of 21.0366, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DKK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
DKK to JMD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 20.4761, compared to 23.0385 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5625 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was July, with a trading range of 2.4831 JMD (High: 23.4461 / Low: 20.9631). On the other end, December was the most stable month, with a tight range of 0.5096 JMD (High: 23.8243 / Low: 23.3147).
Growth Streaks & Declines
TrendsBetween March and August, 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 August and September, when the average rate fell by 0.8959 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2020: 23.6807) against the same month in 2019 (average: 20.1267), the exchange rate shifted by +3.5540 (+17.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.7175 | 19.5582 | 19.9937 |
| February | 20.7175 | 20.0742 | 20.4335 |
| March | 20.5604 | 19.3038 | 20.0280 |
| April | 20.7723 | 19.4166 | 20.0330 |
| May | 21.5835 | 20.6656 | 21.1179 |
| June | 21.7027 | 20.9756 | 21.2502 |
| July | 23.4461 | 20.9631 | 22.0369 |
| August | 23.9942 | 23.2721 | 23.6807 |
| September | 23.7433 | 22.1180 | 22.7848 |
| October | 23.2603 | 22.2764 | 22.8376 |
| November | 23.5715 | 22.6830 | 23.3772 |
| December | 23.8243 | 23.3147 | 23.5138 |