2023 DKK to MZN Historical Review

YEARLY HIGH

9.6296 MZN

YEARLY LOW

8.9694 MZN

YEARLY AVERAGE

9.2716 MZN

2023 DKK to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 9.6296. Conversely, the yearly low was recorded on October 3, dropping to 8.9694.

This high-to-low spread represents a total annual volatility of 0.6602 MZN. From a start-to-finish perspective, comparing the January average rate of 9.2621 to the December average rate of 9.3556, the exchange rate registered a net change of 1.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 9.6296 was down 2.02% compared to the 2022 peak of 9.8285, 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 48,148 MZN

2022 Average 45,224 MZN

Yearly Trough Low 44,847 MZN

Transaction Impact: A difference of 3,301.12 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9.5070

9.0017

JanuMarcMayJulySeptNove

DKK to MZN 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 9.2726, compared to 9.2706 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 9.2726

H2 Avg (Jul–Dec) 9.2706

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.4074 MZN (High: 9.4596 / Low: 9.0523). On the other end, October was the most stable month, with a tight range of 0.1589 MZN (High: 9.1283 / Low: 8.9694).

February Spread (Volatile) ±0.4074

October Spread (Stable) ±0.1589

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 August and September, when the average rate fell by 0.1995 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1995

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 9.4649) against the same month in 2022 (average: 8.7486), the exchange rate shifted by +0.7164 (+8.19%).

2023 Avg (July) 9.4649

2022 Avg (July) 8.7486

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.3804	9.0399	9.2621
February	9.4596	9.0523	9.1815
March	9.3545	9.0488	9.1857
April	9.4793	9.2672	9.3949
May	9.4923	9.1758	9.3135
June	9.4262	9.1697	9.2982
July	9.6296	9.2326	9.4649
August	9.4378	9.2475	9.3462
September	9.2416	9.0037	9.1466
October	9.1283	8.9694	9.0438
November	9.4287	9.0625	9.2664
December	9.5140	9.2200	9.3556