YEARLY HIGH
8.5936 PHP
YEARLY LOW
8.0683 PHP
YEARLY AVERAGE
8.3089 PHP

2024 DKK to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DKK to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 4, valuing the pair at 8.5936. Conversely, the yearly low was recorded on February 13, dropping to 8.0683.

This high-to-low spread represents a total annual volatility of 0.5253 PHP. From a start-to-finish perspective, comparing the January average rate of 8.1856 to the December average rate of 8.2027, the exchange rate registered a net change of 0.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 8.5936 was up 3.20% compared to the 2023 peak of 8.3268, 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 42,968 PHP
2023 Average 40,367 PHP
Yearly Trough Low 40,341 PHP
Transaction Impact: A difference of 2,626.36 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

8.5446
8.0715
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 8.2471, compared to 8.3708 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1237 points.

H1 Avg (Jan–Jun) 8.2471
H2 Avg (Jul–Dec) 8.3708

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.3254 PHP (High: 8.5591 / Low: 8.2337). On the other end, July was the most stable month, with a tight range of 0.0784 PHP (High: 8.5389 / Low: 8.4605).

November Spread (Volatile) ±0.3254
July Spread (Stable) ±0.0784

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1591 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.1591

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 8.4679) against the same month in 2023 (average: 8.1219), the exchange rate shifted by +0.3459 (+4.26%).

2024 Avg (June) 8.4679
2023 Avg (June) 8.1219

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.2643 8.1429 8.1856
February 8.1803 8.0683 8.1109
March 8.2213 8.1036 8.1474
April 8.3122 8.0702 8.1973
May 8.5121 8.2344 8.3734
June 8.5936 8.3900 8.4679
July 8.5389 8.4605 8.5052
August 8.4890 8.3296 8.4159
September 8.4022 8.2876 8.3440
October 8.5017 8.2883 8.3953
November 8.5591 8.2337 8.3618
December 8.3057 8.0793 8.2027