2023 GTQ to DKK Historical Review

YEARLY HIGH

0.9076 DKK

YEARLY LOW

0.8450 DKK

YEARLY AVERAGE

0.8801 DKK

2023 GTQ to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.9076. Conversely, the yearly low was recorded on July 17, dropping to 0.8450.

This high-to-low spread represents a total annual volatility of 0.0626 DKK. From a start-to-finish perspective, comparing the January average rate of 0.8789 to the December average rate of 0.8718, the exchange rate registered a net change of -0.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9076 was down 8.12% compared to the 2022 peak of 0.9879, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,538 DKK

2022 Average 4,564 DKK

Yearly Trough Low 4,225 DKK

Transaction Impact: A difference of 313.24 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9049

0.8557

JanuMarcMayJulySeptNove

GTQ 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 0.8815, compared to 0.8786 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.8815

H2 Avg (Jul–Dec) 0.8786

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0438 DKK (High: 0.9044 / Low: 0.8606). On the other end, October was the most stable month, with a tight range of 0.0139 DKK (High: 0.9064 / Low: 0.8925).

February Spread (Volatile) ±0.0438

October Spread (Stable) ±0.0139

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0200 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0200

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.8927) against the same month in 2022 (average: 0.8775), the exchange rate shifted by +0.0152 (+1.73%).

2023 Avg (March) 0.8927

2022 Avg (March) 0.8775

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9003	0.8684	0.8789
February	0.9044	0.8606	0.8887
March	0.9076	0.8762	0.8927
April	0.8860	0.8647	0.8727
May	0.8910	0.8628	0.8790
June	0.8897	0.8644	0.8772
July	0.8758	0.8450	0.8598
August	0.8792	0.8606	0.8696
September	0.9020	0.8764	0.8879
October	0.9064	0.8925	0.9008
November	0.8998	0.8656	0.8813
December	0.8848	0.8565	0.8718