Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Denmark
Danish Krone
DNKB6FATC01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,688,000,000.00
Year-over-Year Change
-67.07%
Date Range
1/1/2005 - 1/1/2025
Summary
The Danish Krone is the official currency of Denmark, used to measure the exchange rate between the Danish currency and other global currencies. It is an important indicator for economists and policymakers to understand 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 is the national currency of Denmark, a member of the European Union but not the Eurozone. The Krone's exchange rate is closely managed by the Danish central bank, which maintains a fixed exchange rate policy to the Euro. The Krone's value is a key metric for assessing Denmark's economic competitiveness and trade flows.
Methodology
The Danish Krone exchange rate is calculated based on direct quotes from foreign exchange markets.
Historical Context
Policymakers and market analysts closely monitor the Danish Krone's exchange rate to gauge Denmark's economic health and trade performance.
Key Facts
- Denmark is not part of the Eurozone and maintains its own currency, the Danish Krone.
- The Danish Krone has been pegged to the Euro since 1999 as part of the European Exchange Rate Mechanism.
- The Danish central bank actively manages the Krone's exchange rate to maintain its fixed peg to the Euro.
FAQs
Q: What does this economic trend measure?
A: The Danish Krone exchange rate measures the value of the Danish currency relative to other major global currencies, primarily the Euro.
Q: Why is this trend relevant for users or analysts?
A: The Danish Krone exchange rate is an important indicator of Denmark's economic competitiveness and trade performance, making it relevant for policymakers, investors, and market analysts.
Q: How is this data collected or calculated?
A: The Danish Krone exchange rate is calculated based on direct quotes from foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the Danish Krone's exchange rate to assess Denmark's economic health and guide monetary and trade policies.
Q: Are there update delays or limitations?
A: The Danish Krone exchange rate data is updated regularly and provides a timely reflection of current market conditions.
Related Trends
Leading Indicators OECD: Leading indicators: CLI: Trend restored for Denmark
DNKLOLITOTRSTSAM
Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Denmark
LFEAICTTDKA647S
Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Denmark
IRSTCI01DKM156N
Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Denmark
LFEACNTTDKA647S
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Denmark
LFWA64TTDKQ647S
Balance of Payments: Other Investment: Net (Assets Minus Liabilities) for Denmark
DNKB6FAOI01CXCUQ
Citation
U.S. Federal Reserve, Danish Krone (DNKB6FATC01NCCUQ), retrieved from FRED.