YEARLY HIGH
9.3625 DKK
YEARLY LOW
8.5039 DKK
YEARLY AVERAGE
8.8709 DKK

2021 JOD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the JOD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 9.3625. Conversely, the yearly low was recorded on January 6, dropping to 8.5039.

This high-to-low spread represents a total annual volatility of 0.8586 DKK. From a start-to-finish perspective, comparing the January average rate of 8.6215 to the December average rate of 9.2778, the exchange rate registered a net change of 7.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 9.3625 was down 5.35% compared to the 2020 peak of 9.8917, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 46,812 DKK
2020 Average 46,114 DKK
Yearly Trough Low 42,519 DKK
Transaction Impact: A difference of 4,293.16 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

9.3434
8.5559
JanuMarcMayJulySeptNove

JOD to DKK 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 8.7055, compared to 9.0362 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3307 points.

H1 Avg (Jan–Jun) 8.7055
H2 Avg (Jul–Dec) 9.0362

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.3312 DKK (High: 9.3625 / Low: 9.0313). On the other end, July was the most stable month, with a tight range of 0.0885 DKK (High: 8.9112 / Low: 8.8227).

November Spread (Volatile) ±0.3312
July Spread (Stable) ±0.0885

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1345 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1345

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 9.1983) against the same month in 2020 (average: 8.8671), the exchange rate shifted by +0.3312 (+3.73%).

2021 Avg (November) 9.1983
2020 Avg (November) 8.8671

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.6944 8.5039 8.6215
February 8.7651 8.6199 8.6743
March 8.9482 8.6790 8.8171
April 8.9210 8.6426 8.7694
May 8.7346 8.5640 8.6349
June 8.8463 8.5852 8.7161
July 8.9112 8.8227 8.8696
August 8.9830 8.8357 8.9123
September 9.0626 8.8303 8.9113
October 9.1014 8.9812 9.0480
November 9.3625 9.0313 9.1983
December 9.3341 9.2204 9.2778