International Merchandise Trade Statistics: Exports: Commodities for Denmark
Danish Krone, Monthly, Seasonally Adjusted
XTEXVA01DKM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104,550,200,000.00
Year-over-Year Change
4.05%
Date Range
1/1/1955 - 6/1/2025
Summary
The Danish Krone, Monthly, Seasonally Adjusted trend measures the exchange rate between the Danish krone and the U.S. dollar, which is crucial for understanding Denmark's international trade and economic performance.
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
This series tracks the value of the Danish krone relative to the U.S. dollar on a monthly basis, with seasonal adjustments to account for recurring patterns. The exchange rate is an important economic indicator as it influences the price competitiveness of Danish exports and the purchasing power of Danish consumers in global markets.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Policymakers and analysts use this trend to assess Denmark's economic conditions and competitiveness within the global economy.
Key Facts
- The Danish krone has been pegged to the euro since 1999.
- Denmark is not part of the Eurozone but maintains a fixed exchange rate policy.
- The Danish central bank actively intervenes to maintain the krone's peg to the euro.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, seasonally adjusted 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 an important indicator of Denmark's international competitiveness and trade performance.
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 this trend to assess Denmark's economic conditions and competitiveness within the global economy.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
Related Trends
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CP0440DKM086NEST
Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Denmark
LFHU24FEDKA647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Denmark
DNKCP100000IXOBM
Harmonized Index of Consumer Prices: Alcoholic Beverages for Denmark
CP0210DKM086NEST
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 74 Years for Denmark
LREM74FEDKA156N
International Trade: Imports: Value (Goods): Total for Denmark
XTIMVA01DKQ188S
Citation
U.S. Federal Reserve, Danish Krone, Monthly, Seasonally Adjusted (XTEXVA01DKM664S), retrieved from FRED.