2023 MVR to DKK Historical Review

YEARLY HIGH

0.4636 DKK

YEARLY LOW

0.4303 DKK

YEARLY AVERAGE

0.4483 DKK

2023 MVR to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.4636. Conversely, the yearly low was recorded on July 17, dropping to 0.4303.

This high-to-low spread represents a total annual volatility of 0.0333 DKK. From a start-to-finish perspective, comparing the January average rate of 0.4484 to the December average rate of 0.4442, the exchange rate registered a net change of -0.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4636 was down 7.52% compared to the 2022 peak of 0.5013, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,318 DKK

2022 Average 2,294 DKK

Yearly Trough Low 2,152 DKK

Transaction Impact: A difference of 166.39 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4610

0.4363

JanuMarcMayJulySeptNove

MVR 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 0.4486, compared to 0.4480 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.4486

H2 Avg (Jul–Dec) 0.4480

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0201 DKK (High: 0.4599 / Low: 0.4398). On the other end, August was the most stable month, with a tight range of 0.0076 DKK (High: 0.4483 / Low: 0.4407).

February Spread (Volatile) ±0.0201

August Spread (Stable) ±0.0076

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 0.0102 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.4589) against the same month in 2022 (average: 0.4900), the exchange rate shifted by -0.0310 (-6.33%).

2023 Avg (October) 0.4589

2022 Avg (October) 0.4900

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4587	0.4432	0.4484
February	0.4599	0.4398	0.4534
March	0.4597	0.4436	0.4524
April	0.4492	0.4389	0.4427
May	0.4552	0.4386	0.4470
June	0.4537	0.4416	0.4479
July	0.4461	0.4303	0.4383
August	0.4483	0.4407	0.4445
September	0.4592	0.4485	0.4531
October	0.4636	0.4542	0.4589
November	0.4585	0.4409	0.4487
December	0.4512	0.4366	0.4442