Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Denmark
Danish Krone, Monthly, Not Seasonally Adjusted
MANMM101DKM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,501,300,400,000.00
Year-over-Year Change
-4.10%
Date Range
1/1/1991 - 11/1/2023
Summary
The Danish Krone, Monthly, Not Seasonally Adjusted series tracks the exchange rate between the Danish Krone and the U.S. Dollar. This data point is important for analyzing cross-border trade, investment, and monetary policy between Denmark and its major economic partners.
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 official currency of Denmark. This series provides the monthly exchange rate between the Krone and the U.S. Dollar on an unadjusted basis, allowing for analysis of broader market trends and influences on the Krone's value.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on foreign exchange market transactions.
Historical Context
The Danish Krone exchange rate is closely monitored by economists, policymakers, and market participants for its implications on Denmark's trade balance, inflation, and overall economic performance.
Key Facts
- Denmark has maintained a fixed exchange rate regime since the 1980s.
- The Krone has remained closely pegged to the Euro since Denmark's decision not to adopt the common currency.
- Denmark's central bank, the Danmarks Nationalbank, closely manages the Krone's exchange rate as part of its monetary policy objectives.
FAQs
Q: What does this economic trend measure?
A: The Danish Krone, Monthly, Not Seasonally Adjusted series tracks the exchange rate between the Danish Krone and the U.S. Dollar on a monthly basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The Krone exchange rate is a key indicator for analyzing Denmark's trade, inflation, and overall economic performance, as well as the effectiveness of its monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on foreign exchange market transactions.
Q: How is this trend used in economic policy?
A: The Danish Krone exchange rate is closely monitored by the Danmarks Nationalbank and other policymakers to inform monetary policy decisions and manage Denmark's economic stability.
Q: Are there update delays or limitations?
A: The Danish Krone exchange rate data is reported monthly by the U.S. Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, Danish Krone, Monthly, Not Seasonally Adjusted (MANMM101DKM189N), retrieved from FRED.