2023 INR to DKK Historical Review

YEARLY HIGH

0.0861 DKK

YEARLY LOW

0.0806 DKK

YEARLY AVERAGE

0.0834 DKK

2023 INR to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.0861. Conversely, the yearly low was recorded on December 27, dropping to 0.0806.

This high-to-low spread represents a total annual volatility of 0.0055 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0844 to the December average rate of 0.0820, the exchange rate registered a net change of -2.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0861 was down 9.24% compared to the 2022 peak of 0.0948, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 21,518 DKK

2022 Average 22,503 DKK

Yearly Trough Low 20,149 DKK

Transaction Impact: A difference of 1,368.43 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0851

0.0817

JanuMarcMayJulySeptNove

INR 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 0.0839, compared to 0.0830 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0839

H2 Avg (Jul–Dec) 0.0830

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0034 DKK (High: 0.0847 / Low: 0.0812). On the other end, October was the most stable month, with a tight range of 0.0014 DKK (High: 0.0856 / Low: 0.0842).

November Spread (Volatile) ±0.0034

October Spread (Stable) ±0.0014

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 October and November, when the average rate fell by 0.0021 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0846) against the same month in 2022 (average: 0.0887), the exchange rate shifted by -0.0041 (-4.63%).

2023 Avg (March) 0.0846

2022 Avg (March) 0.0887

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0855	0.0836	0.0844
February	0.0852	0.0827	0.0842
March	0.0861	0.0830	0.0846
April	0.0839	0.0824	0.0830
May	0.0842	0.0823	0.0833
June	0.0845	0.0827	0.0836
July	0.0835	0.0808	0.0820
August	0.0836	0.0818	0.0825
September	0.0853	0.0835	0.0841
October	0.0856	0.0842	0.0849
November	0.0847	0.0812	0.0828
December	0.0831	0.0806	0.0820