2023 MXN to DKK Historical Review

YEARLY HIGH

0.4125 DKK

YEARLY LOW

0.3563 DKK

YEARLY AVERAGE

0.3889 DKK

2023 MXN to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.4125. Conversely, the yearly low was recorded on January 1, dropping to 0.3563.

This high-to-low spread represents a total annual volatility of 0.0562 DKK. From a start-to-finish perspective, comparing the January average rate of 0.3638 to the December average rate of 0.3978, the exchange rate registered a net change of 9.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4125 was up 6.33% compared to the 2022 peak of 0.3880, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 20,627 DKK

2022 Average 17,609 DKK

Yearly Trough Low 17,815 DKK

Transaction Impact: A difference of 2,811.75 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4079

0.3597

JanuMarcMayJulySeptNove

MXN 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 0.3796, compared to 0.3982 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0186 points.

H1 Avg (Jan–Jun) 0.3796

H2 Avg (Jul–Dec) 0.3982

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0261 DKK (High: 0.3925 / Low: 0.3664). On the other end, December was the most stable month, with a tight range of 0.0068 DKK (High: 0.4006 / Low: 0.3938).

March Spread (Volatile) ±0.0261

December Spread (Stable) ±0.0068

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0134 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0134

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.4023) against the same month in 2022 (average: 0.3652), the exchange rate shifted by +0.0370 (+10.13%).

2023 Avg (August) 0.4023

2022 Avg (August) 0.3652

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3695	0.3563	0.3638
February	0.3844	0.3618	0.3744
March	0.3925	0.3664	0.3780
April	0.3821	0.3716	0.3763
May	0.3952	0.3746	0.3869
June	0.4012	0.3943	0.3985
July	0.4053	0.3939	0.3983
August	0.4125	0.3924	0.4023
September	0.4099	0.3952	0.4039
October	0.4055	0.3847	0.3905
November	0.4008	0.3928	0.3968
December	0.4006	0.3938	0.3978