Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Denmark
Danish Krone, Quarterly
MANMM101DKQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,518,948,440,342.43
Year-over-Year Change
6.00%
Date Range
1/1/1991 - 7/1/2023
Summary
The Danish Krone, Quarterly trend measures the quarterly exchange rate between the Danish Krone and the U.S. Dollar. This metric is crucial for analyzing Denmark's international trade and competitiveness.
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, Quarterly series tracks the value of the Danish Krone relative to the U.S. Dollar on a quarterly basis. This exchange rate is a key indicator of Denmark's economic performance and its ability to trade globally.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Policymakers and market analysts closely monitor the Danish Krone exchange rate to assess Denmark's macroeconomic conditions and international trade dynamics.
Key Facts
- Denmark has maintained a fixed exchange rate policy since the 1980s.
- The Danish Krone is pegged to the Euro through the European Exchange Rate Mechanism.
- Denmark is a major exporter of agricultural products, machinery, and pharmaceutical goods.
FAQs
Q: What does this economic trend measure?
A: The Danish Krone, Quarterly trend measures the quarterly exchange rate between the Danish Krone and the U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate metric is crucial for analyzing Denmark's international trade competitiveness and macroeconomic performance.
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 closely monitor the Danish Krone exchange rate to assess Denmark's economic conditions and trade dynamics.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay in the most recent information.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Denmark
DNKCP040500GYM
Bank Credit to Bank Deposits for Denmark
DDSI04DKA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Denmark
CPGREN01DKQ659N
International Merchandise Trade Statistics: Exports: Commodities for Denmark
XTEXVA01DKA657S
Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Denmark
LFEACNTTDKA647N
Production: Manufacturing: Total Manufacturing for Denmark
DNKPRMNTO01GPSAM
Citation
U.S. Federal Reserve, Danish Krone, Quarterly (MANMM101DKQ189S), retrieved from FRED.