2023 GMD to DKK Historical Review

YEARLY HIGH

0.1170 DKK

YEARLY LOW

0.0996 DKK

YEARLY AVERAGE

0.1108 DKK

2023 GMD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 0.1170. Conversely, the yearly low was recorded on December 27, dropping to 0.0996.

This high-to-low spread represents a total annual volatility of 0.0174 DKK. From a start-to-finish perspective, comparing the January average rate of 0.1112 to the December average rate of 0.1014, the exchange rate registered a net change of -8.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1170 was down 17.10% compared to the 2022 peak of 0.1412, 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 585 DKK

2022 Average 640 DKK

Yearly Trough Low 498 DKK

Transaction Impact: A difference of 87.19 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1169

0.1000

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 0.1131, compared to 0.1085 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.1131

H2 Avg (Jul–Dec) 0.1085

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0077 DKK (High: 0.1084 / Low: 0.1007). On the other end, August was the most stable month, with a tight range of 0.0014 DKK (High: 0.1135 / Low: 0.1121).

November Spread (Volatile) ±0.0077

August Spread (Stable) ±0.0014

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 September and October, when the average rate fell by 0.0054 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.1155) against the same month in 2022 (average: 0.1302), the exchange rate shifted by -0.0146 (-11.25%).

2023 Avg (June) 0.1155

2022 Avg (June) 0.1302

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1138	0.1095	0.1112
February	0.1155	0.1097	0.1139
March	0.1152	0.1099	0.1133
April	0.1129	0.1082	0.1099
May	0.1169	0.1121	0.1147
June	0.1170	0.1140	0.1155
July	0.1152	0.1112	0.1130
August	0.1135	0.1121	0.1128
September	0.1159	0.1083	0.1131
October	0.1097	0.1066	0.1076
November	0.1084	0.1007	0.1031
December	0.1028	0.0996	0.1014