YEARLY HIGH
2.5559 MVR
YEARLY LOW
2.3200 MVR
YEARLY AVERAGE
2.4551 MVR

2021 DKK to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the DKK to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 2.5559. Conversely, the yearly low was recorded on November 24, dropping to 2.3200.

This high-to-low spread represents a total annual volatility of 0.2359 MVR. From a start-to-finish perspective, comparing the January average rate of 2.5203 to the December average rate of 2.3472, the exchange rate registered a net change of -6.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.5559 was up 0.42% compared to the 2020 peak of 2.5452, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,779 MVR
2020 Average 11,815 MVR
Yearly Trough Low 11,600 MVR
Transaction Impact: A difference of 1,179.53 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.5376
2.3299
JanuMarcMayJulySeptNove

DKK to MVR 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 2.4998, compared to 2.4104 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0894 points.

H1 Avg (Jan–Jun) 2.4998
H2 Avg (Jul–Dec) 2.4104

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0938 MVR (High: 2.5399 / Low: 2.4461). On the other end, July was the most stable month, with a tight range of 0.0324 MVR (High: 2.4699 / Low: 2.4375).

June Spread (Volatile) ±0.0938
July Spread (Stable) ±0.0324

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.0491 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0491

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 2.5203) against the same month in 2020 (average: 2.2963), the exchange rate shifted by +0.2240 (+9.75%).

2021 Avg (January) 2.5203
2020 Avg (January) 2.2963

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.5559 2.4982 2.5203
February 2.5198 2.4781 2.5055
March 2.5027 2.4353 2.4697
April 2.5222 2.4443 2.4854
May 2.5412 2.4787 2.5182
June 2.5399 2.4461 2.4997
July 2.4699 2.4375 2.4506
August 2.4656 2.4274 2.4455
September 2.4695 2.4045 2.4433
October 2.4263 2.3865 2.4075
November 2.4129 2.3200 2.3683
December 2.3601 2.3271 2.3472