National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Denmark
Danish Krone, Annual
NAEXKP03DKA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
523,194,350,000.00
Year-over-Year Change
5.57%
Date Range
1/1/1995 - 1/1/2022
Summary
The Danish Krone, Annual series measures the average annual exchange rate between the Danish Krone and the U.S. Dollar. This key economic indicator is closely monitored by policymakers and analysts to assess Denmark's trade competitiveness and international purchasing power.
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, Annual series tracks the average annual value of the Danish Krone relative to the U.S. Dollar. This data point is used to evaluate Denmark's trade position, inflation, and overall economic performance in global markets.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily market exchange rates.
Historical Context
The Danish Krone exchange rate is a vital economic indicator referenced by central banks, governments, and international investors.
Key Facts
- The Danish Krone has been pegged to the Euro since 1999.
- Denmark maintains a fixed exchange rate policy to stabilize its currency.
- The Krone is one of the world's most stable and trusted currencies.
FAQs
Q: What does this economic trend measure?
A: The Danish Krone, Annual series measures the average annual exchange rate between the Danish Krone and the U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator is closely monitored by policymakers and analysts to assess Denmark's trade competitiveness and international purchasing power.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily market exchange rates.
Q: How is this trend used in economic policy?
A: The Danish Krone exchange rate is a vital economic indicator referenced by central banks, governments, and international investors.
Q: Are there update delays or limitations?
A: The data is published annually with no significant update delays.
Related Trends
Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Denmark
CRDQDKANABIS
Liquid Liabilities to GDP for Denmark
DDDI05DKA156NWDB
Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Denmark
DNKCPHP0900IXEBM
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Denmark
ULQELP01DKQ657S
Remittance Inflows to GDP for Denmark
DDOI11DKA156NWDB
Harmonized Index of Consumer Prices: Services, Miscellaneous for Denmark
SERVMIDKM086NEST
Citation
U.S. Federal Reserve, Danish Krone, Annual (NAEXKP03DKA189S), retrieved from FRED.