YEARLY HIGH
2.5950 DKK
YEARLY LOW
2.2388 DKK
YEARLY AVERAGE
2.4201 DKK

2020 XCD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the XCD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 2.5950. Conversely, the yearly low was recorded on December 30, dropping to 2.2388.

This high-to-low spread represents a total annual volatility of 0.3562 DKK. From a start-to-finish perspective, comparing the January average rate of 2.4904 to the December average rate of 2.2619, the exchange rate registered a net change of -9.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.5950 was up 2.38% compared to the 2019 peak of 2.5347, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,975 DKK
2019 Average 12,340 DKK
Yearly Trough Low 11,194 DKK
Transaction Impact: A difference of 1,781.15 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.5686
2.2340
JanuMarcMayJulySeptNove

XCD 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 2.5070, compared to 2.3332 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1738 points.

H1 Avg (Jan–Jun) 2.5070
H2 Avg (Jul–Dec) 2.3332

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1713 DKK (High: 2.5950 / Low: 2.4237). On the other end, August was the most stable month, with a tight range of 0.0420 DKK (High: 2.3482 / Low: 2.3062).

March Spread (Volatile) ±0.1713
August Spread (Stable) ±0.0420

Growth Streaks & Declines

Trends

Between August and October, 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 May and June, when the average rate fell by 0.0774 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0774

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 2.4987) against the same month in 2019 (average: 2.4440), the exchange rate shifted by +0.0546 (+2.24%).

2020 Avg (March) 2.4987
2019 Avg (March) 2.4440

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.5105 2.4641 2.4904
February 2.5616 2.4920 2.5325
March 2.5950 2.4237 2.4987
April 2.5610 2.5140 2.5407
May 2.5565 2.4812 2.5285
June 2.4797 2.4265 2.4511
July 2.4537 2.3201 2.4051
August 2.3482 2.3062 2.3290
September 2.3683 2.3101 2.3363
October 2.3651 2.3214 2.3406
November 2.3672 2.3003 2.3262
December 2.2816 2.2388 2.2619