2024 GMD to DKK Historical Review

YEARLY HIGH

0.1035 DKK

YEARLY LOW

0.0940 DKK

YEARLY AVERAGE

0.1002 DKK

2024 GMD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 0.1035. Conversely, the yearly low was recorded on August 27, dropping to 0.0940.

This high-to-low spread represents a total annual volatility of 0.0095 DKK. From a start-to-finish perspective, comparing the January average rate of 0.1016 to the December average rate of 0.0992, the exchange rate registered a net change of -2.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1035 was down 11.55% compared to the 2023 peak of 0.1170, 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 518 DKK

2023 Average 554 DKK

Yearly Trough Low 470 DKK

Transaction Impact: A difference of 47.55 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1031

0.0960

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 0.1019, compared to 0.0986 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.1019

H2 Avg (Jul–Dec) 0.0986

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0062 DKK (High: 0.1003 / Low: 0.0940). On the other end, March was the most stable month, with a tight range of 0.0016 DKK (High: 0.1018 / Low: 0.1002).

August Spread (Volatile) ±0.0062

March Spread (Stable) ±0.0016

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 July and August, when the average rate fell by 0.0044 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.1025) against the same month in 2023 (average: 0.1099), the exchange rate shifted by -0.0074 (-6.78%).

2024 Avg (April) 0.1025

2023 Avg (April) 0.1099

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1023	0.1003	0.1016
February	0.1030	0.1013	0.1022
March	0.1018	0.1002	0.1010
April	0.1035	0.1011	0.1025
May	0.1027	0.1011	0.1018
June	0.1031	0.1009	0.1023
July	0.1025	0.0992	0.1014
August	0.1003	0.0940	0.0969
September	0.0979	0.0949	0.0965
October	0.1007	0.0965	0.0988
November	0.1008	0.0954	0.0987
December	0.1001	0.0981	0.0992