2024 DKK to NAD Historical Review

YEARLY HIGH

2.8126 NAD

YEARLY LOW

2.4803 NAD

YEARLY AVERAGE

2.6583 NAD

2024 DKK to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DKK to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 2.8126. Conversely, the yearly low was recorded on December 12, dropping to 2.4803.

This high-to-low spread represents a total annual volatility of 0.3323 NAD. From a start-to-finish perspective, comparing the January average rate of 2.7479 to the December average rate of 2.5587, the exchange rate registered a net change of -6.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8126 was down 3.11% compared to the 2023 peak of 2.9028, 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 14,063 NAD

2023 Average 13,429 NAD

Yearly Trough Low 12,401 NAD

Transaction Impact: A difference of 1,661.41 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.7672

2.5346

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 2.7133, compared to 2.6032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1100 points.

H1 Avg (Jan–Jun) 2.7133

H2 Avg (Jul–Dec) 2.6032

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.2018 NAD (High: 2.7644 / Low: 2.5626). On the other end, October was the most stable month, with a tight range of 0.0480 NAD (High: 2.5888 / Low: 2.5409).

June Spread (Volatile) ±0.2018

October Spread (Stable) ±0.0480

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0560 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0560

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.7471) against the same month in 2023 (average: 2.5685), the exchange rate shifted by +0.1786 (+6.95%).

2024 Avg (February) 2.7471

2023 Avg (February) 2.5685

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7963	2.6993	2.7479
February	2.8126	2.6919	2.7471
March	2.7784	2.7145	2.7476
April	2.7545	2.6643	2.7144
May	2.6873	2.6317	2.6643
June	2.7644	2.5626	2.6585
July	2.6841	2.6130	2.6524
August	2.7256	2.6127	2.6637
September	2.6630	2.5667	2.6233
October	2.5888	2.5409	2.5672
November	2.5797	2.5287	2.5540
December	2.6226	2.4803	2.5587