2024 ZAR to DKK Historical Review

YEARLY HIGH

0.4010 DKK

YEARLY LOW

0.3566 DKK

YEARLY AVERAGE

0.3764 DKK

2024 ZAR to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.4010. Conversely, the yearly low was recorded on February 26, dropping to 0.3566.

This high-to-low spread represents a total annual volatility of 0.0444 DKK. From a start-to-finish perspective, comparing the January average rate of 0.3646 to the December average rate of 0.3906, the exchange rate registered a net change of 7.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4010 was down 3.44% compared to the 2023 peak of 0.4152, 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 20,048 DKK

2023 Average 18,688 DKK

Yearly Trough Low 17,830 DKK

Transaction Impact: A difference of 2,218.74 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3937

0.3604

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 0.3686, compared to 0.3841 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0155 points.

H1 Avg (Jan–Jun) 0.3686

H2 Avg (Jul–Dec) 0.3841

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0271 DKK (High: 0.3882 / Low: 0.3611). On the other end, October was the most stable month, with a tight range of 0.0076 DKK (High: 0.3937 / Low: 0.3861).

June Spread (Volatile) ±0.0271

October Spread (Stable) ±0.0076

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 July and August, when the average rate fell by 0.0024 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.3906) against the same month in 2023 (average: 0.3672), the exchange rate shifted by +0.0234 (+6.36%).

2024 Avg (December) 0.3906

2023 Avg (December) 0.3672

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3722	0.3570	0.3646
February	0.3689	0.3566	0.3632
March	0.3688	0.3602	0.3639
April	0.3734	0.3624	0.3685
May	0.3806	0.3658	0.3748
June	0.3882	0.3611	0.3768
July	0.3814	0.3730	0.3772
August	0.3801	0.3650	0.3748
September	0.3904	0.3759	0.3818
October	0.3937	0.3861	0.3896
November	0.3992	0.3821	0.3909
December	0.4010	0.3797	0.3906