2023 DKK to ZAR Historical Review

YEARLY HIGH

2.8478 ZAR

YEARLY LOW

2.4082 ZAR

YEARLY AVERAGE

2.6780 ZAR

2023 DKK to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 2.8478. Conversely, the yearly low was recorded on January 4, dropping to 2.4082.

This high-to-low spread represents a total annual volatility of 0.4396 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.4759 to the December average rate of 2.7235, the exchange rate registered a net change of 10.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8478 was up 13.23% compared to the 2022 peak of 2.5150, 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 14,239 ZAR

2022 Average 11,566 ZAR

Yearly Trough Low 12,041 ZAR

Transaction Impact: A difference of 2,197.93 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8154

2.4451

JanuMarcMayJulySeptNove

DKK to ZAR 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 2.6435, compared to 2.7125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0691 points.

H1 Avg (Jan–Jun) 2.6435

H2 Avg (Jul–Dec) 2.7125

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.2114 ZAR (High: 2.8147 / Low: 2.6033). On the other end, December was the most stable month, with a tight range of 0.0969 ZAR (High: 2.7768 / Low: 2.6800).

July Spread (Volatile) ±0.2114

December Spread (Stable) ±0.0969

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0580 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0580

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.7845) against the same month in 2022 (average: 2.2592), the exchange rate shifted by +0.5254 (+23.25%).

2023 Avg (May) 2.7845

2022 Avg (May) 2.2592

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5410	2.4082	2.4759
February	2.6250	2.5036	2.5750
March	2.6909	2.5897	2.6269
April	2.7203	2.5855	2.6719
May	2.8478	2.7049	2.7845
June	2.8355	2.6646	2.7265
July	2.8147	2.6033	2.7028
August	2.8027	2.6952	2.7492
September	2.7702	2.6676	2.7153
October	2.7599	2.6432	2.6952
November	2.7593	2.6193	2.6893
December	2.7768	2.6800	2.7235