YEARLY HIGH
8.3268 PHP
YEARLY LOW
7.7790 PHP
YEARLY AVERAGE
8.0724 PHP

2023 DKK to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 8.3268. Conversely, the yearly low was recorded on February 5, dropping to 7.7790.

This high-to-low spread represents a total annual volatility of 0.5478 PHP. From a start-to-finish perspective, comparing the January average rate of 7.9638 to the December average rate of 8.1316, the exchange rate registered a net change of 2.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 8.3268 was up 3.61% compared to the 2022 peak of 8.0368, 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 41,634 PHP
2022 Average 38,519 PHP
Yearly Trough Low 38,895 PHP
Transaction Impact: A difference of 2,739.15 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

8.2782
7.8321
JanuMarcMayJulySeptNove

DKK to PHP 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 8.0158, compared to 8.1289 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1131 points.

H1 Avg (Jan–Jun) 8.0158
H2 Avg (Jul–Dec) 8.1289

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.4196 PHP (High: 8.2911 / Low: 7.8714). On the other end, October was the most stable month, with a tight range of 0.1277 PHP (High: 8.1026 / Low: 7.9750).

April Spread (Volatile) ±0.4196
October Spread (Stable) ±0.1277

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 August and September, when the average rate fell by 0.1105 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1105

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 8.2410) against the same month in 2022 (average: 7.5960), the exchange rate shifted by +0.6450 (+8.49%).

2023 Avg (August) 8.2410
2022 Avg (August) 7.5960

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.0350 7.9039 7.9638
February 8.0103 7.7790 7.8808
March 7.9511 7.7841 7.8693
April 8.2911 7.8714 8.1273
May 8.2207 8.0427 8.1317
June 8.2050 8.0442 8.1219
July 8.2158 8.0739 8.1473
August 8.3268 8.1100 8.2410
September 8.2241 8.0254 8.1305
October 8.1026 7.9750 8.0405
November 8.1881 8.0056 8.0825
December 8.2808 7.9914 8.1316