2023 DKK to KWD Historical Review

YEARLY HIGH

0.0462 KWD

YEARLY LOW

0.0433 KWD

YEARLY AVERAGE

0.0446 KWD

2023 DKK to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.0462. Conversely, the yearly low was recorded on March 18, dropping to 0.0433.

This high-to-low spread represents a total annual volatility of 0.0029 KWD. From a start-to-finish perspective, comparing the January average rate of 0.0443 to the December average rate of 0.0451, the exchange rate registered a net change of 1.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0462 was down 0.59% compared to the 2022 peak of 0.0465, 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 231 KWD

2022 Average 217 KWD

Yearly Trough Low 217 KWD

Transaction Impact: A difference of 14.46 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0457

0.0436

JanuMarcMayJulySeptNove

DKK to KWD 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 0.0445, compared to 0.0447 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0445

H2 Avg (Jul–Dec) 0.0447

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0017 KWD (High: 0.0455 / Low: 0.0438). On the other end, August was the most stable month, with a tight range of 0.0007 KWD (High: 0.0454 / Low: 0.0447).

November Spread (Volatile) ±0.0017

August Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between February and April, 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 0.0009 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0455) against the same month in 2022 (average: 0.0421), the exchange rate shifted by +0.0034 (+8.07%).

2023 Avg (July) 0.0455

2022 Avg (July) 0.0421

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0448	0.0434	0.0443
February	0.0451	0.0435	0.0440
March	0.0449	0.0433	0.0441
April	0.0454	0.0445	0.0451
May	0.0455	0.0442	0.0448
June	0.0453	0.0441	0.0447
July	0.0462	0.0448	0.0455
August	0.0454	0.0447	0.0451
September	0.0446	0.0436	0.0442
October	0.0442	0.0434	0.0438
November	0.0455	0.0438	0.0447
December	0.0458	0.0445	0.0451