Danish Kroner to U.S. Dollar Spot Exchange Rate
AEXDNUS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.90
Year-over-Year Change
19.05%
Date Range
1/1/1971 - 1/1/2024
Summary
The Danish Kroner to U.S. Dollar Spot Exchange Rate tracks the relative value of Denmark's currency against the U.S. dollar in real-time financial markets. This metric is crucial for international traders, investors, and economists analyzing cross-border economic interactions.
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 exchange rate represents the current market price for converting Danish kroner into U.S. dollars, reflecting relative economic conditions, monetary policies, and investor sentiment between the two countries. Economists use this rate to assess international trade dynamics, investment flows, and comparative economic performance.
Methodology
The rate is calculated through real-time foreign exchange markets, aggregating transaction prices from multiple international financial institutions and trading platforms.
Historical Context
Central banks and financial institutions use this exchange rate for currency risk management, international investment strategies, and macroeconomic policy assessments.
Key Facts
- Reflects real-time currency market valuations
- Influenced by economic indicators and monetary policies
- Critical for international financial transactions
FAQs
Q: How often does the Danish Kroner to U.S. Dollar exchange rate change?
A: The exchange rate fluctuates continuously during global financial market hours, with prices updating in real-time based on trading activities.
Q: What factors impact the Danish Kroner to U.S. Dollar exchange rate?
A: Key factors include interest rates, inflation, economic growth, political stability, and international trade balances between Denmark and the United States.
Q: How do businesses use this exchange rate?
A: Companies engaged in international trade use this rate to price goods, manage currency risk, and make financial planning decisions involving cross-border transactions.
Q: Is the Danish Kroner pegged to any specific currency?
A: The Danish Kroner is effectively pegged to the Euro through the European Exchange Rate Mechanism, which influences its relationship with the U.S. Dollar.
Q: How frequently is this exchange rate data updated?
A: The Federal Reserve updates this data in near real-time, with most financial platforms providing second-by-second exchange rate information.
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Citation
U.S. Federal Reserve, Danish Kroner to U.S. Dollar Spot Exchange Rate [AEXDNUS], retrieved from FRED.
Last Checked: 8/1/2025