2024 MXN to DKK Historical Review

YEARLY HIGH

0.4230 DKK

YEARLY LOW

0.3369 DKK

YEARLY AVERAGE

0.3785 DKK

2024 MXN to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 11, valuing the pair at 0.4230. Conversely, the yearly low was recorded on September 6, dropping to 0.3369.

This high-to-low spread represents a total annual volatility of 0.0861 DKK. From a start-to-finish perspective, comparing the January average rate of 0.4008 to the December average rate of 0.3517, the exchange rate registered a net change of -12.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4230 was up 2.53% compared to the 2023 peak of 0.4125, 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 21,149 DKK

2023 Average 19,450 DKK

Yearly Trough Low 16,844 DKK

Transaction Impact: A difference of 4,305.13 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4211

0.3356

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 0.4034, compared to 0.3536 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0498 points.

H1 Avg (Jan–Jun) 0.4034

H2 Avg (Jul–Dec) 0.3536

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0371 DKK (High: 0.4049 / Low: 0.3678). On the other end, February was the most stable month, with a tight range of 0.0055 DKK (High: 0.4069 / Low: 0.4013).

June Spread (Volatile) ±0.0371

February Spread (Stable) ±0.0055

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.0294 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0294

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.4140) against the same month in 2023 (average: 0.3763), the exchange rate shifted by +0.0377 (+10.02%).

2024 Avg (April) 0.4140

2023 Avg (April) 0.3763

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4046	0.3967	0.4008
February	0.4069	0.4013	0.4042
March	0.4173	0.4034	0.4093
April	0.4230	0.4041	0.4140
May	0.4150	0.4039	0.4108
June	0.4049	0.3678	0.3813
July	0.3882	0.3676	0.3799
August	0.3654	0.3373	0.3536
September	0.3513	0.3369	0.3427
October	0.3538	0.3407	0.3480
November	0.3504	0.3386	0.3455
December	0.3562	0.3453	0.3517