2023 DKK to MNT Historical Review

YEARLY HIGH

530.8893 MNT

YEARLY LOW

481.9794 MNT

YEARLY AVERAGE

502.5712 MNT

2023 DKK to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 530.8893. Conversely, the yearly low was recorded on January 5, dropping to 481.9794.

This high-to-low spread represents a total annual volatility of 48.9100 MNT. From a start-to-finish perspective, comparing the January average rate of 493.9474 to the December average rate of 505.2991, the exchange rate registered a net change of 2.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 530.8893 was up 8.26% compared to the 2022 peak of 490.3943, 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 2,654,447 MNT

2022 Average 2,207,532 MNT

Yearly Trough Low 2,409,897 MNT

Transaction Impact: A difference of 244,549.79 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

524.1243

485.3183

JanuMarcMayJulySeptNove

DKK to MNT 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 502.7890, compared to 502.3534 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4356 points.

H1 Avg (Jan–Jun) 502.7890

H2 Avg (Jul–Dec) 502.3534

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 29.3115 MNT (High: 512.1451 / Low: 482.8335). On the other end, October was the most stable month, with a tight range of 8.9668 MNT (High: 493.2306 / Low: 484.2637).

March Spread (Volatile) ±29.3115

October Spread (Stable) ±8.9668

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 July and August, when the average rate fell by 15.9197 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -15.9197

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 520.8904) against the same month in 2022 (average: 430.4698), the exchange rate shifted by +90.4206 (+21.01%).

2023 Avg (July) 520.8904

2022 Avg (July) 430.4698

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	500.1373	481.9794	493.9474
February	504.3609	482.6413	489.5060
March	512.1451	482.8335	490.4102
April	522.0273	510.3464	517.5969
May	522.7453	505.3130	513.1327
June	519.3053	505.2862	512.1409
July	530.8893	509.1173	520.8904
August	509.7518	499.6814	504.9707
September	499.5053	486.1158	493.9112
October	493.2306	484.2637	488.5521
November	509.2627	489.2921	500.4967
December	514.0689	498.0799	505.2991