YEARLY HIGH
17.9802 ETB
YEARLY LOW
8.0928 ETB
YEARLY AVERAGE
11.9342 ETB

2024 DKK to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DKK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 17.9802. Conversely, the yearly low was recorded on April 16, dropping to 8.0928.

This high-to-low spread represents a total annual volatility of 9.8875 ETB. From a start-to-finish perspective, comparing the January average rate of 8.2535 to the December average rate of 17.7798, the exchange rate registered a net change of 115.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 17.9802 was up 114.54% compared to the 2023 peak of 8.3807, 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 89,901 ETB
2023 Average 39,738 ETB
Yearly Trough Low 40,464 ETB
Transaction Impact: A difference of 49,437.33 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

18.7400
7.2175
JanuMarcMayJulySeptNove

DKK to ETB 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 8.2500, compared to 15.6183 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.3682 points.

H1 Avg (Jan–Jun) 8.2500
H2 Avg (Jul–Dec) 15.6183

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 5.4977 ETB (High: 16.8905 / Low: 11.3928). On the other end, February was the most stable month, with a tight range of 0.1572 ETB (High: 8.2618 / Low: 8.1045).

August Spread (Volatile) ±5.4977
February Spread (Stable) ±0.1572

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.1176 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.1176

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 17.7798) against the same month in 2023 (average: 8.2254), the exchange rate shifted by +9.5544 (+116.16%).

2024 Avg (December) 17.7798
2023 Avg (December) 8.2254

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.3604 8.1474 8.2535
February 8.2618 8.1045 8.1982
March 8.3395 8.1626 8.2676
April 8.2868 8.0928 8.1777
May 8.3805 8.2204 8.3083
June 8.4004 8.1912 8.2950
July 10.9398 8.2672 8.4725
August 16.8905 11.3928 15.2132
September 17.9583 16.3552 17.1957
October 17.8922 17.2652 17.5830
November 17.9082 17.0975 17.4655
December 17.9802 17.3686 17.7798