YEARLY HIGH
0.1122 XDR
YEARLY LOW
0.1058 XDR
YEARLY AVERAGE
0.1092 XDR

2024 DKK to XDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DKK to XDR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 0.1122. Conversely, the yearly low was recorded on December 18, dropping to 0.1058.

This high-to-low spread represents a total annual volatility of 0.0064 XDR. From a start-to-finish perspective, comparing the January average rate of 0.1095 to the December average rate of 0.1070, the exchange rate registered a net change of -2.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1122 was down 0.02% compared to the 2023 peak of 0.1122, 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 561 XDR
2023 Average 544 XDR
Yearly Trough Low 529 XDR
Transaction Impact: A difference of 31.95 XDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1109
0.1067
JanuMarcMayJulySeptNove

DKK to XDR 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 0.1093, compared to 0.1091 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) 0.1093
H2 Avg (Jul–Dec) 0.1091

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0035 XDR (High: 0.1099 / Low: 0.1063). On the other end, July was the most stable month, with a tight range of 0.0014 XDR (High: 0.1107 / Low: 0.1093).

November Spread (Volatile) ±0.0035
July Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between June and August, 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 October and November, when the average rate fell by 0.0013 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.1106) against the same month in 2023 (average: 0.1096), the exchange rate shifted by +0.0009 (+0.84%).

2024 Avg (August) 0.1106
2023 Avg (August) 0.1096

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1106 0.1086 0.1095
February 0.1098 0.1082 0.1091
March 0.1106 0.1084 0.1096
April 0.1098 0.1073 0.1088
May 0.1105 0.1091 0.1096
June 0.1104 0.1085 0.1093
July 0.1107 0.1093 0.1100
August 0.1122 0.1089 0.1106
September 0.1110 0.1093 0.1104
October 0.1099 0.1084 0.1091
November 0.1099 0.1063 0.1078
December 0.1080 0.1058 0.1070