2023 DKK to LRD Historical Review

YEARLY HIGH

28.0801 LRD

YEARLY LOW

21.7844 LRD

YEARLY AVERAGE

25.3493 LRD

2023 DKK to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 28.0801. Conversely, the yearly low was recorded on February 24, dropping to 21.7844.

This high-to-low spread represents a total annual volatility of 6.2957 LRD. From a start-to-finish perspective, comparing the January average rate of 22.5276 to the December average rate of 27.5690, the exchange rate registered a net change of 22.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 28.0801 was up 19.10% compared to the 2022 peak of 23.5779, 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 140,400 LRD

2022 Average 108,230 LRD

Yearly Trough Low 108,922 LRD

Transaction Impact: A difference of 31,478.59 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

28.0778

21.9719

JanuMarcMayJulySeptNove

DKK to LRD 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 23.6167, compared to 27.0819 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.4652 points.

H1 Avg (Jan–Jun) 23.6167

H2 Avg (Jul–Dec) 27.0819

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 2.0745 LRD (High: 26.4127 / Low: 24.3382). On the other end, May was the most stable month, with a tight range of 0.4436 LRD (High: 24.5849 / Low: 24.1414).

June Spread (Volatile) ±2.0745

May Spread (Stable) ±0.4436

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.5923 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.5923

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 27.5690) against the same month in 2022 (average: 21.9558), the exchange rate shifted by +5.6132 (+25.57%).

2023 Avg (December) 27.5690

2022 Avg (December) 21.9558

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.9740	21.8569	22.5276
February	23.2272	21.7844	22.4807
March	23.7524	22.2046	22.9315
April	24.4110	23.5377	23.9930
May	24.5849	24.1414	24.3479
June	26.4127	24.3382	25.4195
July	27.8427	26.3811	27.2643
August	27.5691	26.9393	27.2701
September	26.9293	26.2996	26.6778
October	26.7345	26.2064	26.4644
November	27.7585	26.5920	27.2457
December	28.0801	27.1490	27.5690