2023 DKK to SGD Historical Review

YEARLY HIGH

0.1994 SGD

YEARLY LOW

0.1904 SGD

YEARLY AVERAGE

0.1949 SGD

2023 DKK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.1994. Conversely, the yearly low was recorded on January 5, dropping to 0.1904.

This high-to-low spread represents a total annual volatility of 0.0090 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1920 to the December average rate of 0.1950, the exchange rate registered a net change of 1.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1994 was down 3.78% compared to the 2022 peak of 0.2072, 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 997 SGD

2022 Average 976 SGD

Yearly Trough Low 952 SGD

Transaction Impact: A difference of 45.25 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1988

0.1909

JanuMarcMayJulySeptNove

DKK to SGD 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 0.1939, compared to 0.1959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.1939

H2 Avg (Jul–Dec) 0.1959

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0050 SGD (High: 0.1986 / Low: 0.1935). On the other end, August was the most stable month, with a tight range of 0.0025 SGD (High: 0.1989 / Low: 0.1964).

June Spread (Volatile) ±0.0050

August Spread (Stable) ±0.0025

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 0.0026 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1981) against the same month in 2022 (average: 0.1910), the exchange rate shifted by +0.0071 (+3.69%).

2023 Avg (July) 0.1981

2022 Avg (July) 0.1910

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1932	0.1904	0.1920
February	0.1932	0.1906	0.1915
March	0.1944	0.1918	0.1928
April	0.1978	0.1935	0.1959
May	0.1976	0.1940	0.1954
June	0.1986	0.1935	0.1959
July	0.1994	0.1961	0.1981
August	0.1989	0.1964	0.1977
September	0.1963	0.1934	0.1952
October	0.1954	0.1928	0.1938
November	0.1968	0.1938	0.1956
December	0.1966	0.1936	0.1950