International Merchandise Trade Statistics: Exports: Commodities for Denmark
Danish Krone, Annual, Not Seasonally Adjusted
XTEXVA01DKA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,189,573,000,000.00
Year-over-Year Change
82.87%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the annual exchange rate between the Danish krone and the U.S. dollar. It is a key indicator for analyzing international trade, investment, and monetary policy 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 exchange rate reflects the value of the Danish currency relative to the U.S. dollar. This metric is widely used by economists, policymakers, and market participants to assess Denmark's economic competitiveness, capital flows, and the impact of exchange rate fluctuations.
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 trend provides important context for interpreting Denmark's trade balance, foreign investment levels, and the effects of monetary policy decisions.
Key Facts
- The Danish krone has been pegged to the euro since 1999.
- Denmark has maintained a fixed exchange rate policy for over 30 years.
- The krone-dollar exchange rate reached a high of 8.46 in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate between the Danish krone and the U.S. dollar, reflecting the value of the Danish currency relative to the greenback.
Q: Why is this trend relevant for users or analysts?
A: The Danish krone exchange rate is a crucial indicator for assessing Denmark's economic competitiveness, international trade dynamics, and the effectiveness of its monetary policy.
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: Policymakers and analysts use the Danish krone exchange rate to gauge Denmark's trade balance, foreign investment flows, and the impact of monetary policy decisions.
Q: Are there update delays or limitations?
A: The Danish krone exchange rate data is published annually without seasonal adjustments, which may limit its use for short-term analysis.
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Citation
U.S. Federal Reserve, Danish Krone, Annual, Not Seasonally Adjusted (XTEXVA01DKA664N), retrieved from FRED.