2023 PEN to DKK Historical Review

YEARLY HIGH

1.9000 DKK

YEARLY LOW

1.7498 DKK

YEARLY AVERAGE

1.8426 DKK

2023 PEN to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 12, valuing the pair at 1.9000. Conversely, the yearly low was recorded on January 26, dropping to 1.7498.

This high-to-low spread represents a total annual volatility of 0.1502 DKK. From a start-to-finish perspective, comparing the January average rate of 1.8045 to the December average rate of 1.8276, the exchange rate registered a net change of 1.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9000 was down 3.89% compared to the 2022 peak of 1.9769, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,500 DKK

2022 Average 9,229 DKK

Yearly Trough Low 8,749 DKK

Transaction Impact: A difference of 750.92 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.8928

1.7965

JanuMarcMayJulySeptNove

PEN 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 1.8360, compared to 1.8492 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0132 points.

H1 Avg (Jan–Jun) 1.8360

H2 Avg (Jul–Dec) 1.8492

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1085 DKK (High: 1.8583 / Low: 1.7498). On the other end, September was the most stable month, with a tight range of 0.0355 DKK (High: 1.8924 / Low: 1.8570).

January Spread (Volatile) ±0.1085

September Spread (Stable) ±0.0355

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 0.0362 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0362

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 1.8847) against the same month in 2022 (average: 1.8797), the exchange rate shifted by +0.0050 (+0.27%).

2023 Avg (June) 1.8847

2022 Avg (June) 1.8797

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8583	1.7498	1.8045
February	1.8566	1.7565	1.8139
March	1.8683	1.8112	1.8414
April	1.8390	1.7862	1.8097
May	1.8965	1.8139	1.8620
June	1.9000	1.8637	1.8847
July	1.8910	1.8555	1.8729
August	1.8772	1.8324	1.8508
September	1.8924	1.8570	1.8759
October	1.8762	1.8037	1.8396
November	1.8556	1.7753	1.8284
December	1.8491	1.7930	1.8276