2023 TOP to DKK Historical Review

YEARLY HIGH

3.0165 DKK

YEARLY LOW

2.8202 DKK

YEARLY AVERAGE

2.9172 DKK

2023 TOP to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 3.0165. Conversely, the yearly low was recorded on July 14, dropping to 2.8202.

This high-to-low spread represents a total annual volatility of 0.1963 DKK. From a start-to-finish perspective, comparing the January average rate of 2.9611 to the December average rate of 2.9058, the exchange rate registered a net change of -1.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0165 was down 5.80% compared to the 2022 peak of 3.2021, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,083 DKK

2022 Average 15,173 DKK

Yearly Trough Low 14,101 DKK

Transaction Impact: A difference of 981.59 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9890

2.8593

JanuMarcMayJulySeptNove

TOP 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 2.9331, compared to 2.9013 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0318 points.

H1 Avg (Jan–Jun) 2.9331

H2 Avg (Jul–Dec) 2.9013

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0950 DKK (High: 2.9152 / Low: 2.8202). On the other end, August was the most stable month, with a tight range of 0.0345 DKK (High: 2.8907 / Low: 2.8562).

July Spread (Volatile) ±0.0950

August Spread (Stable) ±0.0345

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.0597 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0597

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.9611) against the same month in 2022 (average: 2.8886), the exchange rate shifted by +0.0725 (+2.51%).

2023 Avg (January) 2.9611

2022 Avg (January) 2.8886

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0165	2.9358	2.9611
February	3.0002	2.9170	2.9782
March	2.9898	2.9012	2.9488
April	2.9334	2.8523	2.8891
May	2.9390	2.8564	2.9074
June	2.9428	2.8807	2.9141
July	2.9152	2.8202	2.8701
August	2.8907	2.8562	2.8728
September	2.9674	2.8969	2.9214
October	2.9782	2.9078	2.9457
November	2.9312	2.8604	2.8923
December	2.9359	2.8748	2.9058