National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Denmark
Danish Krone, Annual
NAEXKP02DKA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,015,746,610,000.00
Year-over-Year Change
17.81%
Date Range
1/1/1995 - 1/1/2022
Summary
The Danish Krone, Annual trend measures the yearly exchange rate between the Danish Krone and the U.S. Dollar. This metric is closely watched by economists and policymakers to assess 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
The Danish Krone, Annual series tracks the yearly average value of the Danish Krone relative to the U.S. Dollar. As a key indicator of Denmark's international competitiveness, this trend is used to analyze the country's exports, imports, and overall macroeconomic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Fluctuations in the Danish Krone's value provide insights into Denmark's trade balance, inflation, and monetary policy decisions.
Key Facts
- Denmark is a member of the European Union but maintains its own currency, the Danish Krone.
- The Danish Krone has been pegged to the Euro since 1999, trading within a narrow band.
- Denmark's exchange rate policy is focused on maintaining economic stability and low inflation.
FAQs
Q: What does this economic trend measure?
A: The Danish Krone, Annual trend measures the yearly average exchange rate between the Danish Krone and the U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to assess Denmark's economic performance and international trade dynamics.
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: Fluctuations in the Danish Krone's value provide insights into Denmark's trade balance, inflation, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Danish Krone, Annual data is published with minimal delays and is a reliable indicator of Denmark's exchange rate dynamics.
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Citation
U.S. Federal Reserve, Danish Krone, Annual (NAEXKP02DKA189S), retrieved from FRED.