Financial Market: Real Effective Exchange Rates: CPI Based for Denmark
CCRETT01DKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.66
Year-over-Year Change
-1.94%
Date Range
1/1/1970 - 1/1/2024
Summary
The Real Effective Exchange Rate (REER) for Denmark is an important indicator of the country's international competitiveness. It measures the value of the Danish krone relative to a basket of other currencies, adjusted for inflation.
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 REER index provides insights into Denmark's trade and price dynamics. It is used by economists, policymakers, and market analysts to assess the country's exchange rate, export potential, and overall economic performance.
Methodology
The REER is calculated by the Federal Reserve based on consumer price index (CPI) data.
Historical Context
Trends in Denmark's REER are closely monitored for their implications on the country's monetary and trade policies.
Key Facts
- Denmark's REER is based on a trade-weighted basket of 42 currencies.
- The REER index uses 2010 as the base year with a value of 100.
- Higher REER values indicate an appreciation of the Danish krone.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate (REER) for Denmark measures the value of the Danish krone relative to a basket of other currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The REER provides insights into Denmark's trade and price dynamics, and is used by economists, policymakers, and market analysts to assess the country's exchange rate, export potential, and overall economic performance.
Q: How is this data collected or calculated?
A: The REER is calculated by the Federal Reserve based on consumer price index (CPI) data.
Q: How is this trend used in economic policy?
A: Trends in Denmark's REER are closely monitored for their implications on the country's monetary and trade policies.
Q: Are there update delays or limitations?
A: The REER data is published regularly by the Federal Reserve with minimal update delays.
Related Trends
Harmonized Index of Consumer Prices: All-Items HICP for Denmark
CP0000DKM086NEST
Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Denmark
QDKPAM770A
International Merchandise Trade Statistics: Imports: Commodities for Denmark
XTIMVA01DKM664S
Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Denmark
CCRETT02DKQ661N
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 25 to 54 Years for Denmark
LRAC25MADKQ156S
Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Denmark
DNKPREND401IXNBQ
Citation
U.S. Federal Reserve, Financial Market: Real Effective Exchange Rates: CPI Based for Denmark (CCRETT01DKA661N), retrieved from FRED.