2023 LKR to DKK Historical Review

YEARLY HIGH

0.0240 DKK

YEARLY LOW

0.0185 DKK

YEARLY AVERAGE

0.0210 DKK

2023 LKR to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.0240. Conversely, the yearly low was recorded on February 1, dropping to 0.0185.

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 0.0189 to the December average rate of 0.0209, the exchange rate registered a net change of 10.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0240 was down 29.47% compared to the 2022 peak of 0.0340, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 120 DKK

2022 Average 114 DKK

Yearly Trough Low 92 DKK

Transaction Impact: A difference of 27.51 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0231

0.0185

JanuMarcMayJulySeptNove

LKR 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 0.0208, compared to 0.0213 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0208

H2 Avg (Jul–Dec) 0.0213

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0026 DKK (High: 0.0237 / Low: 0.0211). On the other end, September was the most stable month, with a tight range of 0.0004 DKK (High: 0.0219 / Low: 0.0215).

May Spread (Volatile) ±0.0026

September Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0016 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0227) against the same month in 2022 (average: 0.0196), the exchange rate shifted by +0.0031 (+16.08%).

2023 Avg (June) 0.0227

2022 Avg (June) 0.0196

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0193	0.0186	0.0189
February	0.0194	0.0185	0.0191
March	0.0216	0.0192	0.0208
April	0.0215	0.0208	0.0211
May	0.0237	0.0211	0.0222
June	0.0240	0.0215	0.0227
July	0.0224	0.0203	0.0211
August	0.0216	0.0209	0.0212
September	0.0219	0.0215	0.0216
October	0.0220	0.0215	0.0217
November	0.0215	0.0206	0.0210
December	0.0212	0.0207	0.0209