YEARLY HIGH
0.1378 DKK
YEARLY LOW
0.1169 DKK
YEARLY AVERAGE
0.1271 DKK

2020 GMD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GMD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.1378. Conversely, the yearly low was recorded on December 30, dropping to 0.1169.

This high-to-low spread represents a total annual volatility of 0.0209 DKK. From a start-to-finish perspective, comparing the January average rate of 0.1315 to the December average rate of 0.1181, the exchange rate registered a net change of -10.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1378 was up 1.09% compared to the 2019 peak of 0.1363, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GMD based on timing:

Yearly Peak High 689 DKK
2019 Average 666 DKK
Yearly Trough Low 584 DKK
Transaction Impact: A difference of 104.62 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1363
0.1164
JanuMarcMayJulySeptNove

GMD to DKK 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 0.1324, compared to 0.1218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0106 points.

H1 Avg (Jan–Jun) 0.1324
H2 Avg (Jul–Dec) 0.1218

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0092 DKK (High: 0.1378 / Low: 0.1286). On the other end, August was the most stable month, with a tight range of 0.0022 DKK (High: 0.1225 / Low: 0.1203).

March Spread (Volatile) ±0.0092
August Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between August and October, 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 May and June, when the average rate fell by 0.0047 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.1326) against the same month in 2019 (average: 0.1331), the exchange rate shifted by -0.0005 (-0.38%).

2020 Avg (March) 0.1326
2019 Avg (March) 0.1331

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1328 0.1299 0.1315
February 0.1361 0.1318 0.1341
March 0.1378 0.1286 0.1326
April 0.1358 0.1332 0.1346
May 0.1352 0.1302 0.1331
June 0.1301 0.1272 0.1284
July 0.1286 0.1210 0.1256
August 0.1225 0.1203 0.1215
September 0.1237 0.1205 0.1220
October 0.1235 0.1212 0.1222
November 0.1236 0.1201 0.1214
December 0.1192 0.1169 0.1181