Balance of Payments: Other Investment: Net (Assets Minus Liabilities) for Denmark
Danish Krone
DNKB6FAOI01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,280,000,000.00
Year-over-Year Change
-209.76%
Date Range
1/1/2005 - 1/1/2025
Summary
The Danish Krone is the official currency of Denmark. It is pegged to the Euro, providing stability and facilitating trade with the Eurozone.
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 is a key economic indicator that reflects Denmark's monetary policy and exchange rate dynamics. It is closely watched by policymakers, investors, and analysts to assess Denmark's economic performance and its relationship with the Eurozone.
Methodology
The Danish Krone exchange rate is determined by market forces and Danmarks Nationalbank, Denmark's central bank.
Historical Context
The Danish Krone peg to the Euro is an important factor in Denmark's economic and financial integration with the Eurozone.
Key Facts
- Denmark has maintained a fixed exchange rate policy since the 1980s.
- The Danish Krone has been pegged to the Euro since 1999.
- Denmark is not a member of the Eurozone but participates in the European Exchange Rate Mechanism (ERM II).
FAQs
Q: What does the Danish Krone economic trend measure?
A: The Danish Krone exchange rate measures the value of the Danish currency relative to other major currencies, primarily the Euro.
Q: Why is the Danish Krone trend relevant for users or analysts?
A: The Danish Krone trend is relevant for assessing Denmark's monetary policy, economic performance, and financial integration with the Eurozone.
Q: How is the Danish Krone data collected or calculated?
A: The Danish Krone exchange rate is determined by market forces and the actions of Danmarks Nationalbank, Denmark's central bank.
Q: How is the Danish Krone trend used in economic policy?
A: The Danish Krone trend is closely monitored by policymakers, investors, and analysts to understand Denmark's economic and financial relationship with the Eurozone.
Q: Are there any update delays or limitations for the Danish Krone data?
A: The Danish Krone exchange rate data is typically available in real-time or with minimal delays, providing timely information for users.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for Denmark
DNKCP040200IXOBQ
Harmonized Index of Consumer Prices: Oils and Fats for Denmark
CP0115DKM086NEST
Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for Denmark
ELGAS0DKM086NEST
Business Tendency Surveys: Selling Prices: Economic Activity: Construction: Future Tendency for Denmark
BCSPFT02DKM460S
Exchange Rate Adjusted Changes of Domestic Debt Securities for Non-Financial Corporations Issuers, All Maturities, Residence of Issuer in Denmark
DSAMRIAONCERDK
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Denmark
CPGREN01DKQ657N
Citation
U.S. Federal Reserve, Danish Krone (DNKB6FAOI01NCCUQ), retrieved from FRED.