YEARLY HIGH
8.5749 GMD
YEARLY LOW
7.8864 GMD
YEARLY AVERAGE
8.1943 GMD

2021 DKK to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the DKK to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 8.5749. Conversely, the yearly low was recorded on November 24, dropping to 7.8864.

This high-to-low spread represents a total annual volatility of 0.6885 GMD. From a start-to-finish perspective, comparing the January average rate of 8.4526 to the December average rate of 7.9855, the exchange rate registered a net change of -5.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 8.5749 was up 0.21% compared to the 2020 peak of 8.5572, 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 42,874 GMD
2020 Average 39,434 GMD
Yearly Trough Low 39,432 GMD
Transaction Impact: A difference of 3,442.40 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

8.4993
7.9388
JanuMarcMayJulySeptNove

DKK to GMD 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 8.3148, compared to 8.0738 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2410 points.

H1 Avg (Jan–Jun) 8.3148
H2 Avg (Jul–Dec) 8.0738

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.2585 GMD (High: 8.3367 / Low: 8.0782). On the other end, July was the most stable month, with a tight range of 0.0834 GMD (High: 8.1771 / Low: 8.0936).

March Spread (Volatile) ±0.2585
July Spread (Stable) ±0.0834

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 February and March, when the average rate fell by 0.1559 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1559

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 8.4526) against the same month in 2020 (average: 7.6045), the exchange rate shifted by +0.8481 (+11.15%).

2021 Avg (January) 8.4526
2020 Avg (January) 7.6045

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.5749 8.3807 8.4526
February 8.3921 8.2951 8.3626
March 8.3367 8.0782 8.2067
April 8.3486 8.0988 8.2268
May 8.4323 8.2683 8.3634
June 8.4033 8.1521 8.2770
July 8.1771 8.0936 8.1335
August 8.1651 8.0312 8.0946
September 8.2584 8.0151 8.1404
October 8.1662 7.9974 8.0798
November 8.1291 7.8864 8.0092
December 8.0669 7.9405 7.9855