2023 DKK to PEN Historical Review

YEARLY HIGH

0.5715 PEN

YEARLY LOW

0.5263 PEN

YEARLY AVERAGE

0.5429 PEN

2023 DKK to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.5715. Conversely, the yearly low was recorded on June 12, dropping to 0.5263.

This high-to-low spread represents a total annual volatility of 0.0452 PEN. From a start-to-finish perspective, comparing the January average rate of 0.5543 to the December average rate of 0.5472, the exchange rate registered a net change of -1.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5715 was down 6.36% compared to the 2022 peak of 0.6103, 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 2,857 PEN

2022 Average 2,713 PEN

Yearly Trough Low 2,632 PEN

Transaction Impact: A difference of 225.87 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5567

0.5282

JanuMarcMayJulySeptNove

DKK to PEN 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 0.5449, compared to 0.5409 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0040 points.

H1 Avg (Jan–Jun) 0.5449

H2 Avg (Jul–Dec) 0.5409

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0334 PEN (High: 0.5715 / Low: 0.5381). On the other end, September was the most stable month, with a tight range of 0.0101 PEN (High: 0.5385 / Low: 0.5284).

January Spread (Volatile) ±0.0334

September Spread (Stable) ±0.0101

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 April and May, when the average rate fell by 0.0154 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0154

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5543) against the same month in 2022 (average: 0.5924), the exchange rate shifted by -0.0381 (-6.42%).

2023 Avg (January) 0.5543

2022 Avg (January) 0.5924

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5715	0.5381	0.5543
February	0.5693	0.5386	0.5514
March	0.5521	0.5352	0.5431
April	0.5598	0.5438	0.5526
May	0.5513	0.5273	0.5372
June	0.5366	0.5263	0.5306
July	0.5389	0.5288	0.5340
August	0.5457	0.5327	0.5403
September	0.5385	0.5284	0.5331
October	0.5544	0.5330	0.5436
November	0.5633	0.5389	0.5470
December	0.5577	0.5408	0.5472