Monetary Aggregates and Their Components: Broad Money and Components: M3 for Denmark
Danish Krone, Quarterly, Not Seasonally Adjusted
MABMM301DKQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,909,253,000,000.00
Year-over-Year Change
19.03%
Date Range
1/1/1970 - 7/1/2023
Summary
The Danish Krone, Quarterly, Not Seasonally Adjusted trend measures the exchange rate between the Danish Krone and the U.S. Dollar, providing insights into Denmark's economic performance and international trade dynamics.
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
This economic indicator tracks the value of the Danish Krone relative to the U.S. Dollar on a quarterly basis, without seasonal adjustments. It is a key metric for analyzing Denmark's export competitiveness, inflationary pressures, and overall macroeconomic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Policymakers and market analysts use this trend to inform decisions related to monetary policy, international trade, and investment strategies.
Key Facts
- The Danish Krone is pegged to the Euro.
- Denmark has maintained a fixed exchange rate policy since the 1980s.
- The Krone is one of the most stable currencies in the world.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate between the Danish Krone and the U.S. Dollar on a quarterly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Denmark's export competitiveness, inflationary pressures, and overall macroeconomic conditions, making it a key metric for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to inform decisions related to monetary policy, international trade, and investment strategies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Danish Krone, Quarterly, Not Seasonally Adjusted (MABMM301DKQ189N), retrieved from FRED.