2023 ZAR to DKK Historical Review

YEARLY HIGH

0.4152 DKK

YEARLY LOW

0.3512 DKK

YEARLY AVERAGE

0.3738 DKK

2023 ZAR to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.4152. Conversely, the yearly low was recorded on May 25, dropping to 0.3512.

This high-to-low spread represents a total annual volatility of 0.0641 DKK. From a start-to-finish perspective, comparing the January average rate of 0.4040 to the December average rate of 0.3672, the exchange rate registered a net change of -9.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4152 was down 12.18% compared to the 2022 peak of 0.4728, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 20,762 DKK

2022 Average 21,644 DKK

Yearly Trough Low 17,558 DKK

Transaction Impact: A difference of 3,204.90 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4085

0.3547

JanuMarcMayJulySeptNove

ZAR 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 0.3789, compared to 0.3688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0102 points.

H1 Avg (Jan–Jun) 0.3789

H2 Avg (Jul–Dec) 0.3688

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0288 DKK (High: 0.3841 / Low: 0.3553). On the other end, December was the most stable month, with a tight range of 0.0130 DKK (High: 0.3731 / Low: 0.3601).

July Spread (Volatile) ±0.0288

December Spread (Stable) ±0.0130

Growth Streaks & Declines

Trends

Between August and November, 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 January and February, when the average rate fell by 0.0156 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0156

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4040) against the same month in 2022 (average: 0.4241), the exchange rate shifted by -0.0202 (-4.75%).

2023 Avg (January) 0.4040

2022 Avg (January) 0.4241

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4152	0.3935	0.4040
February	0.3994	0.3810	0.3884
March	0.3862	0.3716	0.3807
April	0.3868	0.3676	0.3743
May	0.3697	0.3512	0.3592
June	0.3753	0.3527	0.3669
July	0.3841	0.3553	0.3702
August	0.3710	0.3568	0.3638
September	0.3749	0.3610	0.3683
October	0.3783	0.3623	0.3711
November	0.3818	0.3624	0.3720
December	0.3731	0.3601	0.3672