Exchange Rate (market+estimated) for Denmark
XRNCUSDKA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.67
Year-over-Year Change
22.52%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Denmark measures the value of the Danish krone relative to the U.S. dollar. This trend is closely watched by economists and policymakers to assess Denmark's international competitiveness and 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 Exchange Rate (market+estimated) for Denmark represents the market exchange rate between the Danish krone and the U.S. dollar, including both observed transactions and estimated rates. It provides a comprehensive view of the krone's value and is used to analyze Denmark's economic performance and trade position.
Methodology
The data is collected from various market sources and estimated by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts monitor this trend to inform decisions on monetary policy, trade, and international investment.
Key Facts
- The Danish krone has been pegged to the euro since 1999.
- Denmark is one of the world's most open economies, with a high degree of international trade.
- The exchange rate is an important factor in Denmark's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Denmark measures the value of the Danish krone relative to the U.S. dollar, including both observed market transactions and estimated exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for assessing Denmark's international competitiveness, trade dynamics, and the impact of exchange rate fluctuations on the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected from various market sources and estimated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to inform decisions on monetary policy, trade, and international investment in relation to Denmark's economy.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying market sources used by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Denmark (XRNCUSDKA618NRUG), retrieved from FRED.