YEARLY HIGH
0.0518 DKK
YEARLY LOW
0.0417 DKK
YEARLY AVERAGE
0.0462 DKK

2020 JMD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the JMD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0518. Conversely, the yearly low was recorded on August 18, dropping to 0.0417.

This high-to-low spread represents a total annual volatility of 0.0101 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0500 to the December average rate of 0.0425, the exchange rate registered a net change of -15.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0518 was down 2.57% compared to the 2019 peak of 0.0532, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 259 DKK
2019 Average 250 DKK
Yearly Trough Low 208 DKK
Transaction Impact: A difference of 50.63 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0508
0.0415
JanuMarcMayJulySeptNove

JMD 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 0.0489, compared to 0.0434 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0054 points.

H1 Avg (Jan–Jun) 0.0489
H2 Avg (Jul–Dec) 0.0434

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.0051 DKK (High: 0.0477 / Low: 0.0427). On the other end, December was the most stable month, with a tight range of 0.0009 DKK (High: 0.0429 / Low: 0.0420).

July Spread (Volatile) ±0.0051
December Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0032 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0499) against the same month in 2019 (average: 0.0524), the exchange rate shifted by -0.0024 (-4.60%).

2020 Avg (March) 0.0499
2019 Avg (March) 0.0524

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0511 0.0483 0.0500
February 0.0498 0.0483 0.0489
March 0.0518 0.0486 0.0499
April 0.0515 0.0481 0.0499
May 0.0484 0.0463 0.0474
June 0.0477 0.0461 0.0471
July 0.0477 0.0427 0.0454
August 0.0430 0.0417 0.0422
September 0.0452 0.0421 0.0439
October 0.0449 0.0430 0.0438
November 0.0441 0.0424 0.0428
December 0.0429 0.0420 0.0425