Balance of Payments: Services: Expenditure for Denmark
US dollars, exchange rate converted, Not Seasonally Adjusted
DNKB6DBSE01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,337,790,000.00
Year-over-Year Change
12.96%
Date Range
1/1/2005 - 1/1/2025
Summary
This exchange rate series tracks the value of the U.S. dollar relative to the Danish krone on a daily basis. It is a key indicator of international currency movements and trade competitiveness.
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 US dollars, exchange rate converted, Not Seasonally Adjusted series measures the daily foreign exchange rate between the U.S. dollar and the Danish krone. This metric is widely used by economists, policymakers, and market analysts to assess trends in international trade, capital flows, and currency valuations.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotes.
Historical Context
This exchange rate is relevant for understanding the relative purchasing power and trade dynamics between the U.S. and Denmark.
Key Facts
- The U.S. dollar to Danish krone exchange rate is quoted as the number of krone per U.S. dollar.
- Denmark's krone has been pegged to the euro since 1999, so this rate also reflects the dollar-euro exchange.
- Exchange rates fluctuate daily based on global currency market supply and demand conditions.
FAQs
Q: What does this economic trend measure?
A: This series measures the daily foreign exchange rate between the U.S. dollar and the Danish krone. It is an indicator of the relative value of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar to Danish krone exchange rate is an important metric for understanding international trade dynamics, capital flows, and the relative purchasing power of the two currencies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotes.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this exchange rate data to assess the competitiveness of U.S. exports, the impact of monetary policy, and broader trends in international trade and investment.
Q: Are there update delays or limitations?
A: The exchange rate data is updated daily and has no significant reporting delays. However, it may not capture intraday volatility in fast-moving currency markets.
Related Trends
Non-Life Insurance Premium Volume to GDP for Denmark
DDDI10DKA156NWDB
Producer Prices Index: Economic Activities: Industrial Activities: Domestic for Denmark
PIEATI02DKQ661N
Infra-Annual Labor Statistics: Labor Force Female: From 55 to 64 Years for Denmark
LFAC55FEDKA647S
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Denmark
DNKCP120000IXNBM
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 74 Years for Denmark
LREM74FEDKA156N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Denmark
DNKCP060000IXOBQ
Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (DNKB6DBSE01CXCUQ), retrieved from FRED.