2023 MAD to DKK Historical Review

YEARLY HIGH

0.7028 DKK

YEARLY LOW

0.6640 DKK

YEARLY AVERAGE

0.6807 DKK

2023 MAD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 5, valuing the pair at 0.7028. Conversely, the yearly low was recorded on February 1, dropping to 0.6640.

This high-to-low spread represents a total annual volatility of 0.0388 DKK. From a start-to-finish perspective, comparing the January average rate of 0.6741 to the December average rate of 0.6800, the exchange rate registered a net change of 0.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7028 was down 3.25% compared to the 2022 peak of 0.7264, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,514 DKK

2022 Average 3,484 DKK

Yearly Trough Low 3,320 DKK

Transaction Impact: A difference of 194.19 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6942

0.6692

JanuMarcMayJulySeptNove

MAD 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 0.6762, compared to 0.6852 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0090 points.

H1 Avg (Jan–Jun) 0.6762

H2 Avg (Jul–Dec) 0.6852

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0267 DKK (High: 0.7012 / Low: 0.6745). On the other end, November was the most stable month, with a tight range of 0.0141 DKK (High: 0.6860 / Low: 0.6719).

August Spread (Volatile) ±0.0267

November Spread (Stable) ±0.0141

Growth Streaks & Declines

Trends

Between April and July, 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 0.0089 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0089

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.6921) against the same month in 2022 (average: 0.7135), the exchange rate shifted by -0.0214 (-3.00%).

2023 Avg (July) 0.6921

2022 Avg (July) 0.7135

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6832	0.6650	0.6741
February	0.6806	0.6640	0.6757
March	0.6836	0.6644	0.6734
April	0.6831	0.6650	0.6712
May	0.6884	0.6721	0.6786
June	0.6906	0.6759	0.6838
July	0.7028	0.6815	0.6921
August	0.7012	0.6745	0.6901
September	0.6906	0.6765	0.6827
October	0.6951	0.6774	0.6874
November	0.6860	0.6719	0.6785
December	0.6853	0.6702	0.6800