Real Broad Effective Exchange Rate for Denmark
RBDKBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.21
Year-over-Year Change
0.88%
Date Range
1/1/1994 - 6/1/2025
Summary
The Real Broad Effective Exchange Rate for Denmark measures the value of the Danish krone relative to a basket of major trading partners, adjusted for inflation. This provides insight into Denmark's international competitiveness and macroeconomic conditions.
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 Real Broad Effective Exchange Rate for Denmark is an inflation-adjusted index that tracks the external value of the Danish currency against a trade-weighted basket of foreign currencies. It is used to assess Denmark's price competitiveness and overall economic performance in global markets.
Methodology
The data is calculated by the Bank for International Settlements based on exchange rates and consumer price indexes.
Historical Context
This trend is closely monitored by policymakers and analysts to gauge Denmark's export potential and macroeconomic stability.
Key Facts
- The base year for the index is 2010 = 100.
- Denmark has maintained a fixed exchange rate policy since the 1980s.
- The index incorporates 60 trading partner economies.
FAQs
Q: What does this economic trend measure?
A: The Real Broad Effective Exchange Rate for Denmark measures the value of the Danish krone relative to a basket of major trading partners, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Denmark's international competitiveness and macroeconomic conditions, which is crucial for policymakers and businesses involved in global trade.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements based on exchange rates and consumer price indexes.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to gauge Denmark's export potential and macroeconomic stability, informing decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released with a lag, and the index may not fully capture all factors affecting Denmark's competitiveness.
Related Trends
Harmonized Index of Consumer Prices: Overall Index Excluding Energy for Denmark
00XE00DKM086NEST
Sales: Retail Trade: Total Retail Trade: Value for Denmark
SLRTTO02DKQ661S
Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for Denmark
LFWATTTTDKQ647S
Harmonized Index of Consumer Prices: Mainly Administered Prices for Denmark
APMAINDKM086NEST
Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Denmark
DNKCPHP1000GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Denmark
DNKCP060000GYM
Citation
U.S. Federal Reserve, Real Broad Effective Exchange Rate for Denmark (RBDKBIS), retrieved from FRED.