YEARLY HIGH
2.5452 MVR
YEARLY LOW
2.1959 MVR
YEARLY AVERAGE
2.3625 MVR

2020 DKK to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the DKK to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2.5452. Conversely, the yearly low was recorded on March 19, dropping to 2.1959.

This high-to-low spread represents a total annual volatility of 0.3494 MVR. From a start-to-finish perspective, comparing the January average rate of 2.2963 to the December average rate of 2.5215, the exchange rate registered a net change of 9.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.5452 was up 6.39% compared to the 2019 peak of 2.3924, 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 12,726 MVR
2019 Average 11,579 MVR
Yearly Trough Low 10,979 MVR
Transaction Impact: A difference of 1,746.97 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.5491
2.2181
JanuMarcMayJulySeptNove

DKK to MVR 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 2.2807, compared to 2.4443 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1636 points.

H1 Avg (Jan–Jun) 2.2807
H2 Avg (Jul–Dec) 2.4443

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1705 MVR (High: 2.3663 / Low: 2.1959). On the other end, April was the most stable month, with a tight range of 0.0382 MVR (High: 2.2666 / Low: 2.2284).

March Spread (Volatile) ±0.1705
April Spread (Stable) ±0.0382

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0428 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0428

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 2.5215) against the same month in 2019 (average: 2.2967), the exchange rate shifted by +0.2248 (+9.79%).

2020 Avg (December) 2.5215
2019 Avg (December) 2.2967

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.3200 2.2771 2.2963
February 2.2955 2.2231 2.2578
March 2.3663 2.1959 2.2885
April 2.2666 2.2284 2.2457
May 2.3040 2.2391 2.2646
June 2.3651 2.3092 2.3313
July 2.4561 2.3223 2.3705
August 2.4725 2.4267 2.4478
September 2.4682 2.4076 2.4400
October 2.4547 2.4109 2.4355
November 2.4772 2.4072 2.4504
December 2.5452 2.4975 2.5215