USD/DKK in 2015
USD/DKK opened 2015 at 6.2 and closed at 6.87, a +10.93% move for the year. The high of 7.09 was reached on March 13, and the low of 6.2 on January 2.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 6.2 | 6.59 | 6.6 | 6.2 | +6.38% |
| Feb | 6.56 | 6.66 | 6.66 | 6.5 | +1.52% |
| Mar | 6.66 | 6.96 | 7.09 | 6.65 | +4.46% |
| Apr | 6.94 | 6.69 | 7.06 | 6.68 | -3.62% |
| May | 6.67 | 6.79 | 6.85 | 6.53 | +1.74% |
| Jun | 6.84 | 6.69 | 6.84 | 6.54 | -2.15% |
| Jul | 6.73 | 6.77 | 6.88 | 6.69 | +0.53% |
| Aug | 6.81 | 6.67 | 6.87 | 6.45 | -2.15% |
| Sep | 6.63 | 6.68 | 6.72 | 6.57 | +0.86% |
| Oct | 6.66 | 6.76 | 6.8 | 6.52 | +1.42% |
| Nov | 6.76 | 7.06 | 7.06 | 6.76 | +4.41% |
| Dec | 7.02 | 6.87 | 7.05 | 6.77 | -2.17% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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