2023 DKK to LKR Historical Review

YEARLY HIGH

54.1775 LKR

YEARLY LOW

41.7368 LKR

YEARLY AVERAGE

47.6947 LKR

2023 DKK to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 54.1775. Conversely, the yearly low was recorded on June 2, dropping to 41.7368.

This high-to-low spread represents a total annual volatility of 12.4407 LKR. From a start-to-finish perspective, comparing the January average rate of 53.0218 to the December average rate of 47.8538, the exchange rate registered a net change of -9.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 54.1775 was up 2.55% compared to the 2022 peak of 52.8326, 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 270,887 LKR

2022 Average 227,814 LKR

Yearly Trough Low 208,684 LKR

Transaction Impact: A difference of 62,203.45 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

53.9184

43.1599

JanuMarcMayJulySeptNove

DKK to LKR 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 48.3592, compared to 47.0301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3291 points.

H1 Avg (Jan–Jun) 48.3592

H2 Avg (Jul–Dec) 47.0301

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 5.7281 LKR (High: 51.9533 / Low: 46.2252). On the other end, September was the most stable month, with a tight range of 0.9306 LKR (High: 46.6115 / Low: 45.6809).

March Spread (Volatile) ±5.7281

September Spread (Stable) ±0.9306

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 February and March, when the average rate fell by 4.3776 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.3776

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 52.4527) against the same month in 2022 (average: 30.8596), the exchange rate shifted by +21.5931 (+69.97%).

2023 Avg (February) 52.4527

2022 Avg (February) 30.8596

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	53.6552	51.7359	53.0218
February	54.1775	51.4324	52.4527
March	51.9533	46.2252	48.0751
April	48.0356	46.4877	47.3549
May	47.4919	42.2112	45.1942
June	46.5687	41.7368	44.0565
July	49.2545	44.7331	47.3971
August	47.8127	46.3253	47.0945
September	46.6115	45.6809	46.2672
October	46.5907	45.4869	46.0181
November	48.6067	46.4995	47.5499
December	48.3428	47.2412	47.8538