2023 NAD to DKK Historical Review

YEARLY HIGH

0.4185 DKK

YEARLY LOW

0.3445 DKK

YEARLY AVERAGE

0.3729 DKK

2023 NAD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.4185. Conversely, the yearly low was recorded on August 14, dropping to 0.3445.

This high-to-low spread represents a total annual volatility of 0.0740 DKK. From a start-to-finish perspective, comparing the January average rate of 0.4039 to the December average rate of 0.3655, the exchange rate registered a net change of -9.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4185 was down 12.02% compared to the 2022 peak of 0.4757, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,093 DKK

2022 Average 2,173 DKK

Yearly Trough Low 1,722 DKK

Transaction Impact: A difference of 370.08 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4084

0.3550

JanuMarcMayJulySeptNove

NAD 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 0.3791, compared to 0.3668 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0123 points.

H1 Avg (Jan–Jun) 0.3791

H2 Avg (Jul–Dec) 0.3668

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0345 DKK (High: 0.3827 / Low: 0.3482). On the other end, March was the most stable month, with a tight range of 0.0101 DKK (High: 0.3854 / Low: 0.3753).

November Spread (Volatile) ±0.0345

March Spread (Stable) ±0.0101

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0146 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4039) against the same month in 2022 (average: 0.4241), the exchange rate shifted by -0.0202 (-4.76%).

2023 Avg (January) 0.4039

2022 Avg (January) 0.4241

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4185	0.3956	0.4039
February	0.4068	0.3809	0.3894
March	0.3854	0.3753	0.3805
April	0.3889	0.3662	0.3741
May	0.3697	0.3521	0.3595
June	0.3749	0.3510	0.3670
July	0.3846	0.3603	0.3695
August	0.3725	0.3445	0.3626
September	0.3755	0.3612	0.3682
October	0.3766	0.3497	0.3669
November	0.3827	0.3482	0.3679
December	0.3743	0.3553	0.3655