Monetary Aggregates and Their Components: Broad Money and Components: M3 for Denmark
Danish Krone, Monthly, Not Seasonally Adjusted
MABMM301DKM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,908,064,000,000.00
Year-over-Year Change
2.85%
Date Range
2/1/1970 - 11/1/2023
Summary
The Danish Krone, Monthly, Not Seasonally Adjusted trend measures the exchange rate between the Danish Krone and the U.S. Dollar on a monthly basis without seasonal adjustments. This metric is important for economists and policymakers to monitor currency fluctuations and their impacts on trade, investment, and macroeconomic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Danish Krone is the official currency of Denmark. This exchange rate trend provides insights into the relative strength of the Danish Krone against the U.S. Dollar, which is a key indicator for assessing Denmark's international economic competitiveness and trade dynamics.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Policymakers and market analysts use this trend to inform decisions related to monetary policy, trade agreements, and investment strategies.
Key Facts
- The Danish Krone has been pegged to the Euro since 1999.
- Denmark is the largest economy in Scandinavia.
- The Danish central bank, Danmarks Nationalbank, actively manages the Krone's exchange rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly exchange rate between the Danish Krone and the U.S. Dollar, without any seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The Danish Krone exchange rate is an important indicator of Denmark's international economic competitiveness and can inform decisions related to trade, investment, and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to monitor currency fluctuations and their impacts on the Danish economy, informing decisions related to monetary policy, trade agreements, and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a potential delay of a few weeks. There are no known significant limitations to this exchange rate trend.
Related Trends
Balance of Payments: Goods: Expenditure for Denmark
DNKB6DBTD01NCCUSAQ
Bank's Net Interest Margin for Denmark
DDEI01DKA156NWDB
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Denmark
LRUNTTTTDKA156S
National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Denmark
NAEXKP03DKQ189S
Gross Domestic Product for Denmark
MKTGDPDKA646NWDB
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Denmark
DNKIMPORTADSMEI
Citation
U.S. Federal Reserve, Danish Krone, Monthly, Not Seasonally Adjusted (MABMM301DKM189N), retrieved from FRED.