YEARLY HIGH
0.2817 DKK
YEARLY LOW
0.2500 DKK
YEARLY AVERAGE
0.2644 DKK

2020 HNL to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HNL to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.2817. Conversely, the yearly low was recorded on December 30, dropping to 0.2500.

This high-to-low spread represents a total annual volatility of 0.0317 DKK. From a start-to-finish perspective, comparing the January average rate of 0.2715 to the December average rate of 0.2521, the exchange rate registered a net change of -7.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.2817 was down 37.99% compared to the 2019 peak of 0.4542, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,408 DKK
2019 Average 1,359 DKK
Yearly Trough Low 1,250 DKK
Transaction Impact: A difference of 158.33 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.2781
0.2498
JanuMarcMayJulySeptNove

HNL 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 0.2723, compared to 0.2564 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0159 points.

H1 Avg (Jan–Jun) 0.2723
H2 Avg (Jul–Dec) 0.2564

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0180 DKK (High: 0.2817 / Low: 0.2637). On the other end, December was the most stable month, with a tight range of 0.0039 DKK (High: 0.2539 / Low: 0.2500).

March Spread (Volatile) ±0.0180
December Spread (Stable) ±0.0039

Growth Streaks & Declines

Trends

Between August and November, 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 May and June, when the average rate fell by 0.0080 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.2715) against the same month in 2019 (average: 0.2694), the exchange rate shifted by +0.0021 (+0.77%).

2020 Avg (March) 0.2715
2019 Avg (March) 0.2694

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.2738 0.2654 0.2715
February 0.2809 0.2713 0.2758
March 0.2817 0.2637 0.2715
April 0.2780 0.2725 0.2756
May 0.2765 0.2689 0.2737
June 0.2688 0.2632 0.2657
July 0.2665 0.2518 0.2612
August 0.2568 0.2524 0.2546
September 0.2595 0.2532 0.2555
October 0.2601 0.2557 0.2574
November 0.2606 0.2553 0.2576
December 0.2539 0.2500 0.2521