YEARLY HIGH
0.5339 DKK
YEARLY LOW
0.4545 DKK
YEARLY AVERAGE
0.5046 DKK

2024 SCR to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SCR to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 2, valuing the pair at 0.5339. Conversely, the yearly low was recorded on October 14, dropping to 0.4545.

This high-to-low spread represents a total annual volatility of 0.0794 DKK. From a start-to-finish perspective, comparing the January average rate of 0.5109 to the December average rate of 0.5050, the exchange rate registered a net change of -1.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5339 was down 3.71% compared to the 2023 peak of 0.5544, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,669 DKK
2023 Average 2,565 DKK
Yearly Trough Low 2,272 DKK
Transaction Impact: A difference of 396.87 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5153
0.4913
JanuMarcMayJulySeptNove

SCR 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 0.5081, compared to 0.5011 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0070 points.

H1 Avg (Jan–Jun) 0.5081
H2 Avg (Jul–Dec) 0.5011

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0709 DKK (High: 0.5254 / Low: 0.4545). On the other end, May was the most stable month, with a tight range of 0.0204 DKK (High: 0.5172 / Low: 0.4968).

October Spread (Volatile) ±0.0709
May Spread (Stable) ±0.0204

Growth Streaks & Declines

Trends

Between August and November, 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 February and March, when the average rate fell by 0.0083 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0083

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.5050) against the same month in 2023 (average: 0.5085), the exchange rate shifted by -0.0035 (-0.69%).

2024 Avg (December) 0.5050
2023 Avg (December) 0.5085

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.5257 0.4908 0.5109
February 0.5280 0.5003 0.5133
March 0.5150 0.4792 0.5049
April 0.5228 0.4872 0.5121
May 0.5172 0.4968 0.5053
June 0.5137 0.4753 0.5020
July 0.5137 0.4851 0.4984
August 0.5206 0.4554 0.4933
September 0.5199 0.4801 0.4995
October 0.5254 0.4545 0.4996
November 0.5295 0.4876 0.5107
December 0.5339 0.4700 0.5050