2023 HKD to DKK Historical Review

YEARLY HIGH

0.9096 DKK

YEARLY LOW

0.8483 DKK

YEARLY AVERAGE

0.8801 DKK

2023 HKD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.9096. Conversely, the yearly low was recorded on July 17, dropping to 0.8483.

This high-to-low spread represents a total annual volatility of 0.0612 DKK. From a start-to-finish perspective, comparing the January average rate of 0.8821 to the December average rate of 0.8744, the exchange rate registered a net change of -0.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9096 was down 7.87% compared to the 2022 peak of 0.9873, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 22,739 DKK

2022 Average 22,590 DKK

Yearly Trough Low 21,208 DKK

Transaction Impact: A difference of 1,530.63 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9065

0.8581

JanuMarcMayJulySeptNove

HKD 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 0.8790, compared to 0.8812 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.8790

H2 Avg (Jul–Dec) 0.8812

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0376 DKK (High: 0.8993 / Low: 0.8617). On the other end, August was the most stable month, with a tight range of 0.0137 DKK (High: 0.8802 / Low: 0.8665).

February Spread (Volatile) ±0.0376

August Spread (Stable) ±0.0137

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 (October 2023: 0.9024) against the same month in 2022 (average: 0.9636), the exchange rate shifted by -0.0612 (-6.35%).

2023 Avg (October) 0.9024

2022 Avg (October) 0.9636

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9047	0.8700	0.8821
February	0.8993	0.8617	0.8870
March	0.8989	0.8702	0.8861
April	0.8784	0.8588	0.8662
May	0.8892	0.8576	0.8752
June	0.8886	0.8656	0.8773
July	0.8773	0.8483	0.8621
August	0.8802	0.8665	0.8730
September	0.9074	0.8814	0.8921
October	0.9096	0.8940	0.9024
November	0.9014	0.8691	0.8831
December	0.8871	0.8593	0.8744