2023 DKK to QAR Historical Review

YEARLY HIGH

0.5496 QAR

YEARLY LOW

0.5111 QAR

YEARLY AVERAGE

0.5289 QAR

2023 DKK to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.5496. Conversely, the yearly low was recorded on October 3, dropping to 0.5111.

This high-to-low spread represents a total annual volatility of 0.0386 QAR. From a start-to-finish perspective, comparing the January average rate of 0.5283 to the December average rate of 0.5338, the exchange rate registered a net change of 1.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5496 was down 1.95% compared to the 2022 peak of 0.5605, 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 2,748 QAR

2022 Average 2,580 QAR

Yearly Trough Low 2,555 QAR

Transaction Impact: A difference of 192.75 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5427

0.5135

JanuMarcMayJulySeptNove

DKK to QAR 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 0.5290, compared to 0.5288 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.5290

H2 Avg (Jul–Dec) 0.5288

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0239 QAR (High: 0.5397 / Low: 0.5158). On the other end, October was the most stable month, with a tight range of 0.0097 QAR (High: 0.5207 / Low: 0.5111).

February Spread (Volatile) ±0.0239

October Spread (Stable) ±0.0097

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 0.0120 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0120

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.5402) against the same month in 2022 (average: 0.5009), the exchange rate shifted by +0.0393 (+7.84%).

2023 Avg (July) 0.5402

2022 Avg (July) 0.5009

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5353	0.5151	0.5283
February	0.5397	0.5158	0.5240
March	0.5350	0.5160	0.5244
April	0.5414	0.5287	0.5362
May	0.5410	0.5230	0.5309
June	0.5373	0.5229	0.5301
July	0.5496	0.5307	0.5402
August	0.5386	0.5275	0.5334
September	0.5282	0.5130	0.5214
October	0.5207	0.5111	0.5159
November	0.5375	0.5170	0.5280
December	0.5425	0.5257	0.5338