Balance of Payments: Services: Expenditure for Denmark
Danish Krone, Seasonally Adjusted
DNKB6DBSE01NCCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
211,319,600,000.00
Year-over-Year Change
21.86%
Date Range
1/1/2005 - 1/1/2025
Summary
The Danish Krone, Seasonally Adjusted trend measures the exchange rate between the Danish krone and the U.S. dollar, adjusted for seasonal variations. This metric is closely watched by economists and policymakers to assess Denmark's economic performance and international trade 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, Seasonally Adjusted is an important economic indicator that tracks the value of the Danish currency relative to the U.S. dollar over time. It provides insights into Denmark's export competitiveness, inflation pressures, and overall macroeconomic conditions.
Methodology
This data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange market observations.
Historical Context
The Danish krone exchange rate is a key input for understanding Denmark's trade balance, monetary policy, and broader economic trends.
Key Facts
- Denmark is a major trading partner of the United States.
- The Danish krone has historically been pegged to the euro.
- Exchange rate movements can impact the competitiveness of Danish exports.
FAQs
Q: What does this economic trend measure?
A: The Danish Krone, Seasonally Adjusted trend measures the exchange rate between the Danish krone and the U.S. dollar, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Denmark's export competitiveness, inflation pressures, and overall macroeconomic conditions, making it a key indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange market observations.
Q: How is this trend used in economic policy?
A: The Danish krone exchange rate is a key input for understanding Denmark's trade balance, monetary policy, and broader economic trends, which is crucial for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be occasional delays or limitations in data availability.
Related Trends
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Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Denmark
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Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Denmark
DNKCPHP0400IXEBM
Consumer Opinion Surveys: Composite Consumer Confidence for Denmark
CSCICP02DKM460S
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Denmark
LRUN24TTDKQ156S
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DNKEXPORTQDSMEI
Citation
U.S. Federal Reserve, Danish Krone, Seasonally Adjusted (DNKB6DBSE01NCCUSAQ), retrieved from FRED.