2023 DKK to NAD Historical Review

YEARLY HIGH

2.9028 NAD

YEARLY LOW

2.3894 NAD

YEARLY AVERAGE

2.6850 NAD

2023 DKK to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 2.9028. Conversely, the yearly low was recorded on January 5, dropping to 2.3894.

This high-to-low spread represents a total annual volatility of 0.5134 NAD. From a start-to-finish perspective, comparing the January average rate of 2.4763 to the December average rate of 2.7365, the exchange rate registered a net change of 10.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9028 was up 15.09% compared to the 2022 peak of 2.5222, 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 14,514 NAD

2022 Average 11,521 NAD

Yearly Trough Low 11,947 NAD

Transaction Impact: A difference of 2,566.88 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8131

2.4457

JanuMarcMayJulySeptNove

DKK to NAD 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 2.6425, compared to 2.7276 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0851 points.

H1 Avg (Jan–Jun) 2.6425

H2 Avg (Jul–Dec) 2.7276

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2592 NAD (High: 2.8723 / Low: 2.6131). On the other end, March was the most stable month, with a tight range of 0.0702 NAD (High: 2.6649 / Low: 2.5947).

November Spread (Volatile) ±0.2592

March Spread (Stable) ±0.0702

Growth Streaks & Declines

Trends

Between January and May, 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 May and June, when the average rate fell by 0.0566 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0566

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 2.7585) against the same month in 2022 (average: 2.2719), the exchange rate shifted by +0.4866 (+21.42%).

2023 Avg (August) 2.7585

2022 Avg (August) 2.2719

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5279	2.3894	2.4763
February	2.6255	2.4582	2.5685
March	2.6649	2.5947	2.6280
April	2.7310	2.5713	2.6736
May	2.8402	2.7049	2.7825
June	2.8492	2.6676	2.7259
July	2.7754	2.6003	2.7075
August	2.9028	2.6846	2.7585
September	2.7686	2.6632	2.7163
October	2.8598	2.6557	2.7270
November	2.8723	2.6131	2.7199
December	2.8147	2.6719	2.7365