National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Denmark
Danish Krone, Annual
NAEXKP07DKA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,264,451,720,000.00
Year-over-Year Change
60.23%
Date Range
1/1/1995 - 1/1/2022
Summary
This economic trend measures the annual exchange rate of the Danish krone against the U.S. dollar, a key indicator of the relative strength of the Danish currency.
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 exchange rate is an important metric for evaluating Denmark's economic performance and international competitiveness. It is closely monitored by policymakers, analysts, and investors to understand Denmark's trade dynamics and the country's position within the global economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Danish krone exchange rate is a relevant indicator for assessing Denmark's macroeconomic conditions and informing economic policy decisions.
Key Facts
- Denmark is a member of the European Union but not the Eurozone.
- The Danish krone has maintained a fixed exchange rate peg to the euro since 1999.
- Denmark's economy is highly dependent on international trade and exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate of the Danish krone against the U.S. dollar, reflecting the relative value of the Danish currency.
Q: Why is this trend relevant for users or analysts?
A: The Danish krone exchange rate is a key indicator of Denmark's economic performance and competitiveness in international markets, making it important for policymakers, businesses, and investors to monitor.
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: The Danish krone exchange rate is closely watched by policymakers in Denmark and the European Union to assess macroeconomic conditions and inform decisions on monetary and trade policies.
Q: Are there update delays or limitations?
A: The annual Danish krone exchange rate data is subject to the publication schedule of the U.S. Federal Reserve and may have a short delay compared to real-time market rates.
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Citation
U.S. Federal Reserve, Danish Krone, Annual (NAEXKP07DKA652S), retrieved from FRED.