2023 DKK to MXN Historical Review

YEARLY HIGH

2.8065 MXN

YEARLY LOW

2.4240 MXN

YEARLY AVERAGE

2.5741 MXN

2023 DKK to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.8065. Conversely, the yearly low was recorded on August 27, dropping to 2.4240.

This high-to-low spread represents a total annual volatility of 0.3826 MXN. From a start-to-finish perspective, comparing the January average rate of 2.7492 to the December average rate of 2.5140, the exchange rate registered a net change of -8.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8065 was down 11.76% compared to the 2022 peak of 3.1807, 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 14,033 MXN

2022 Average 14,243 MXN

Yearly Trough Low 12,120 MXN

Transaction Impact: A difference of 1,912.83 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7765

2.4490

JanuMarcMayJulySeptNove

DKK to MXN 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 2.6367, compared to 2.5115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1252 points.

H1 Avg (Jan–Jun) 2.6367

H2 Avg (Jul–Dec) 2.5115

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1814 MXN (High: 2.7293 / Low: 2.5479). On the other end, December was the most stable month, with a tight range of 0.0428 MXN (High: 2.5393 / Low: 2.4965).

March Spread (Volatile) ±0.1814

December Spread (Stable) ±0.0428

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0771 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0771

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.7492) against the same month in 2022 (average: 3.1190), the exchange rate shifted by -0.3697 (-11.85%).

2023 Avg (January) 2.7492

2022 Avg (January) 3.1190

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8065	2.7061	2.7492
February	2.7640	2.6012	2.6721
March	2.7293	2.5479	2.6467
April	2.6908	2.6171	2.6575
May	2.6693	2.5301	2.5851
June	2.5361	2.4927	2.5096
July	2.5386	2.4675	2.5107
August	2.5481	2.4240	2.4864
September	2.5302	2.4397	2.4763
October	2.5993	2.4663	2.5614
November	2.5457	2.4950	2.5204
December	2.5393	2.4965	2.5140