2023 DKK to NGN Historical Review

YEARLY HIGH

133.2682 NGN

YEARLY LOW

63.4416 NGN

YEARLY AVERAGE

92.0703 NGN

2023 DKK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 133.2682. Conversely, the yearly low was recorded on January 5, dropping to 63.4416.

This high-to-low spread represents a total annual volatility of 69.8266 NGN. From a start-to-finish perspective, comparing the January average rate of 65.9130 to the December average rate of 118.6729, the exchange rate registered a net change of 80.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 133.2682 was up 106.63% compared to the 2022 peak of 64.4961, 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 666,341 NGN

2022 Average 299,823 NGN

Yearly Trough Low 317,208 NGN

Transaction Impact: A difference of 349,133.16 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

123.9488

60.6370

JanuMarcMayJulySeptNove

DKK to NGN 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 70.1119, compared to 114.0287 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 43.9168 points.

H1 Avg (Jan–Jun) 70.1119

H2 Avg (Jul–Dec) 114.0287

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 54.1447 NGN (High: 120.3991 / Low: 66.2544). On the other end, April was the most stable month, with a tight range of 1.7885 NGN (High: 68.5498 / Low: 66.7613).

June Spread (Volatile) ±54.1447

April Spread (Stable) ±1.7885

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 2.9831 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.9831

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 118.6729) against the same month in 2022 (average: 63.4161), the exchange rate shifted by +55.2567 (+87.13%).

2023 Avg (December) 118.6729

2022 Avg (December) 63.4161

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	67.2599	63.4416	65.9130
February	68.1698	65.0234	66.1439
March	67.4006	65.0355	66.1006
April	68.5498	66.7613	67.8446
May	68.4157	66.2048	67.2680
June	120.3991	66.2544	87.4016
July	119.0318	111.2733	115.3140
August	114.3495	109.5308	112.3310
September	113.3576	107.3811	110.8129
October	125.4224	107.4001	110.8564
November	120.4956	111.6561	116.1851
December	133.2682	112.9882	118.6729