2023 DKK to SAR Historical Review

YEARLY HIGH

0.5660 SAR

YEARLY LOW

0.5265 SAR

YEARLY AVERAGE

0.5446 SAR

2023 DKK to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.5660. Conversely, the yearly low was recorded on October 3, dropping to 0.5265.

This high-to-low spread represents a total annual volatility of 0.0396 SAR. From a start-to-finish perspective, comparing the January average rate of 0.5446 to the December average rate of 0.5494, the exchange rate registered a net change of 0.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5660 was down 2.03% compared to the 2022 peak of 0.5778, 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 2,830 SAR

2022 Average 2,659 SAR

Yearly Trough Low 2,632 SAR

Transaction Impact: A difference of 197.81 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5591

0.5286

JanuMarcMayJulySeptNove

DKK to SAR 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 0.5447, compared to 0.5445 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.5447

H2 Avg (Jul–Dec) 0.5445

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0243 SAR (High: 0.5555 / Low: 0.5312). On the other end, October was the most stable month, with a tight range of 0.0098 SAR (High: 0.5363 / Low: 0.5265).

February Spread (Volatile) ±0.0243

October Spread (Stable) ±0.0098

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 0.0121 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.5566) against the same month in 2022 (average: 0.5145), the exchange rate shifted by +0.0421 (+8.19%).

2023 Avg (July) 0.5566

2022 Avg (July) 0.5145

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5511	0.5317	0.5446
February	0.5555	0.5312	0.5390
March	0.5495	0.5320	0.5399
April	0.5565	0.5443	0.5517
May	0.5571	0.5386	0.5469
June	0.5536	0.5386	0.5458
July	0.5660	0.5465	0.5566
August	0.5543	0.5433	0.5490
September	0.5430	0.5285	0.5369
October	0.5363	0.5265	0.5312
November	0.5536	0.5320	0.5440
December	0.5587	0.5415	0.5494