2023 DKK to MDL Historical Review

YEARLY HIGH

2.7932 MDL

YEARLY LOW

2.5366 MDL

YEARLY AVERAGE

2.6272 MDL

2023 DKK to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 2.7932. Conversely, the yearly low was recorded on October 14, dropping to 2.5366.

This high-to-low spread represents a total annual volatility of 0.2566 MDL. From a start-to-finish perspective, comparing the January average rate of 2.7532 to the December average rate of 2.5785, the exchange rate registered a net change of -6.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7932 was up 0.61% compared to the 2022 peak of 2.7762, 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 13,966 MDL

2022 Average 13,347 MDL

Yearly Trough Low 12,683 MDL

Transaction Impact: A difference of 1,282.87 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7717

2.5490

JanuMarcMayJulySeptNove

DKK to MDL 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 2.6624, compared to 2.5919 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0705 points.

H1 Avg (Jan–Jun) 2.6624

H2 Avg (Jul–Dec) 2.5919

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1417 MDL (High: 2.7249 / Low: 2.5832). On the other end, September was the most stable month, with a tight range of 0.0406 MDL (High: 2.5932 / Low: 2.5526).

July Spread (Volatile) ±0.1417

September Spread (Stable) ±0.0406

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 0.0682 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0682

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.7532) against the same month in 2022 (average: 2.7264), the exchange rate shifted by +0.0268 (+0.98%).

2023 Avg (January) 2.7532

2022 Avg (January) 2.7264

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7932	2.7148	2.7532
February	2.7803	2.6649	2.6970
March	2.7079	2.6396	2.6753
April	2.6866	2.6220	2.6531
May	2.6600	2.5492	2.5908
June	2.6815	2.5518	2.6051
July	2.7249	2.5832	2.6557
August	2.6219	2.5608	2.5876
September	2.5932	2.5526	2.5732
October	2.5994	2.5366	2.5676
November	2.6225	2.5476	2.5891
December	2.6170	2.5451	2.5785