2024 DKK to SGD Historical Review

YEARLY HIGH

0.1969 SGD

YEARLY LOW

0.1881 SGD

YEARLY AVERAGE

0.1938 SGD

2024 DKK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DKK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 0.1969. Conversely, the yearly low was recorded on November 22, dropping to 0.1881.

This high-to-low spread represents a total annual volatility of 0.0088 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1954 to the December average rate of 0.1897, the exchange rate registered a net change of -2.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1969 was down 1.27% compared to the 2023 peak of 0.1994, 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 984 SGD

2023 Average 975 SGD

Yearly Trough Low 941 SGD

Transaction Impact: A difference of 43.87 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1964

0.1891

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 0.1953, compared to 0.1924 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.1953

H2 Avg (Jul–Dec) 0.1924

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0046 SGD (High: 0.1927 / Low: 0.1881). On the other end, December was the most stable month, with a tight range of 0.0011 SGD (High: 0.1902 / Low: 0.1891).

November Spread (Volatile) ±0.0046

December Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0015 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.1958) against the same month in 2023 (average: 0.1954), the exchange rate shifted by +0.0004 (+0.19%).

2024 Avg (May) 0.1958

2023 Avg (May) 0.1954

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1962	0.1943	0.1954
February	0.1957	0.1938	0.1947
March	0.1964	0.1950	0.1955
April	0.1962	0.1941	0.1951
May	0.1969	0.1947	0.1958
June	0.1969	0.1942	0.1951
July	0.1965	0.1938	0.1957
August	0.1952	0.1932	0.1943
September	0.1939	0.1916	0.1929
October	0.1926	0.1906	0.1914
November	0.1927	0.1881	0.1904
December	0.1902	0.1891	0.1897