2023 DKK to XOF Historical Review

YEARLY HIGH

88.2086 XOF

YEARLY LOW

86.5294 XOF

YEARLY AVERAGE

87.9802 XOF

2023 DKK to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 88.2086. Conversely, the yearly low was recorded on May 6, dropping to 86.5294.

This high-to-low spread represents a total annual volatility of 1.6792 XOF. From a start-to-finish perspective, comparing the January average rate of 88.1555 to the December average rate of 87.9519, the exchange rate registered a net change of -0.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 88.2086 was down 0.07% compared to the 2022 peak of 88.2748, 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 441,043 XOF

2022 Average 440,799 XOF

Yearly Trough Low 432,647 XOF

Transaction Impact: A difference of 8,396.14 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

88.1910

87.7652

JanuMarcMayJulySeptNove

DKK to XOF 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 87.9980, compared to 87.9624 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0356 points.

H1 Avg (Jan–Jun) 87.9980

H2 Avg (Jul–Dec) 87.9624

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.5758 XOF (High: 88.1052 / Low: 86.5294). On the other end, November was the most stable month, with a tight range of 0.1340 XOF (High: 87.9983 / Low: 87.8643).

May Spread (Volatile) ±1.5758

November Spread (Stable) ±0.1340

Growth Streaks & Declines

Trends

Between April and June, 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 March and April, when the average rate fell by 0.2240 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2240

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 88.1555) against the same month in 2022 (average: 88.1494), the exchange rate shifted by +0.0062 (+0.01%).

2023 Avg (January) 88.1555

2022 Avg (January) 88.1494

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	88.2086	87.9937	88.1555
February	88.1766	87.7917	88.0603
March	88.1553	87.2095	88.0247
April	88.0633	87.1308	87.8007
May	88.1052	86.5294	87.9144
June	88.0866	87.9059	88.0326
July	88.0784	87.9116	88.0238
August	88.0433	87.8957	88.0023
September	88.0089	87.8518	87.9408
October	87.9839	87.8370	87.9157
November	87.9983	87.8643	87.9401
December	88.0033	87.8397	87.9519