National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Denmark
Danish Krone, Annual
NAEXKP04DKA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
505,564,840,000.00
Year-over-Year Change
54.12%
Date Range
1/1/1995 - 1/1/2022
Summary
The Danish Krone, Annual trend measures the annual average exchange rate between the Danish krone and the U.S. dollar. This metric is important for analyzing international trade, currency valuations, and macroeconomic policy.
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 trend represents the average yearly exchange rate between the Danish krone and the U.S. dollar. This data point is widely used by economists, policymakers, and businesses to assess the relative strength of the Danish currency and its impact on the country's trade and economic performance.
Methodology
The Federal Reserve calculates this annual average rate based on daily foreign exchange market quotations.
Historical Context
The Danish Krone, Annual trend provides important context for evaluating Denmark's economic policies and competitiveness in global markets.
Key Facts
- The Danish krone has been pegged to the euro since 1999.
- Denmark is not part of the Eurozone but maintains a fixed exchange rate policy.
- The Danish central bank actively manages the krone's value to maintain stability.
FAQs
Q: What does this economic trend measure?
A: The Danish Krone, Annual trend measures the average yearly exchange rate between the Danish krone and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the relative strength and valuation of the Danish currency, which is crucial for evaluating Denmark's international trade, competitiveness, and macroeconomic policies.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this annual average exchange rate based on daily foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: The Danish Krone, Annual trend is closely monitored by the Danish central bank and policymakers to maintain the country's fixed exchange rate policy and assess its impact on trade, inflation, and overall economic performance.
Q: Are there update delays or limitations?
A: The Danish Krone, Annual data is published by the Federal Reserve with a minimal delay and provides a comprehensive overview of the yearly exchange rate trend.
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Citation
U.S. Federal Reserve, Danish Krone, Annual (NAEXKP04DKA189S), retrieved from FRED.