2024 DKK to ZAR Historical Review

YEARLY HIGH

2.8043 ZAR

YEARLY LOW

2.4940 ZAR

YEARLY AVERAGE

2.6590 ZAR

2024 DKK to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DKK to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 2.8043. Conversely, the yearly low was recorded on December 11, dropping to 2.4940.

This high-to-low spread represents a total annual volatility of 0.3104 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.7427 to the December average rate of 2.5610, the exchange rate registered a net change of -6.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8043 was down 1.53% compared to the 2023 peak of 2.8478, 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 14,022 ZAR

2023 Average 13,393 ZAR

Yearly Trough Low 12,470 ZAR

Transaction Impact: A difference of 1,551.77 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.7735

2.5386

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 2.7137, compared to 2.6042 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1095 points.

H1 Avg (Jan–Jun) 2.7137

H2 Avg (Jul–Dec) 2.6042

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.1935 ZAR (High: 2.7692 / Low: 2.5757). On the other end, October was the most stable month, with a tight range of 0.0501 ZAR (High: 2.5900 / Low: 2.5398).

June Spread (Volatile) ±0.1935

October Spread (Stable) ±0.0501

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 0.0530 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0530

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.7539) against the same month in 2023 (average: 2.5750), the exchange rate shifted by +0.1789 (+6.95%).

2024 Avg (February) 2.7539

2023 Avg (February) 2.5750

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8014	2.6867	2.7427
February	2.8043	2.7106	2.7539
March	2.7760	2.7115	2.7479
April	2.7594	2.6781	2.7140
May	2.7341	2.6277	2.6680
June	2.7692	2.5757	2.6556
July	2.6811	2.6217	2.6514
August	2.7400	2.6307	2.6683
September	2.6602	2.5616	2.6198
October	2.5900	2.5398	2.5668
November	2.6169	2.5050	2.5582
December	2.6334	2.4940	2.5610