National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Denmark
Danish Krone, Annual
NAEXKP06DKA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,422,398,090,000.00
Year-over-Year Change
55.46%
Date Range
1/1/1995 - 1/1/2022
Summary
The Danish Krone, Annual trend measures the yearly average exchange rate between the Danish Krone and the U.S. Dollar. This metric is important for analyzing cross-border trade, investment, and the relative strength of the Danish economy.
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 trend tracks the yearly average market exchange rate between the Danish Krone and the U.S. Dollar. This data is widely used by economists, policymakers, and international businesses to assess the competitiveness of Danish exports, the purchasing power of Danish consumers, and the overall health of the Danish economy.
Methodology
The data is collected by the U.S. Federal Reserve from foreign exchange markets.
Historical Context
The Danish Krone exchange rate is a key indicator monitored by the Danish central bank and European Union institutions.
Key Facts
- The Danish Krone has been pegged to the Euro since 1999.
- Denmark is the largest Scandinavian economy and a major exporter.
- The Krone is one of the most stable currencies in the world.
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: The Danish Krone exchange rate is a crucial indicator for assessing the competitiveness of Danish exports, the purchasing power of Danish consumers, and the overall health of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from foreign exchange markets.
Q: How is this trend used in economic policy?
A: The Danish Krone exchange rate is closely monitored by the Danish central bank and European Union institutions for its implications on trade, investment, and economic stability.
Q: Are there update delays or limitations?
A: The Danish Krone, Annual data is published with a short lag by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Danish Krone, Annual (NAEXKP06DKA652S), retrieved from FRED.