International Merchandise Trade Statistics: Exports: Commodities for Denmark
Danish Krone, Annual, Seasonally Adjusted
XTEXVA01DKA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,187,647,000,000.00
Year-over-Year Change
82.68%
Date Range
1/1/1955 - 1/1/2024
Summary
The Danish Krone, Annual, Seasonally Adjusted series tracks the annual exchange rate between the Danish Krone and the U.S. Dollar, adjusted for seasonal factors.
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
This economic indicator provides insight into the relative value of the Danish currency compared to the U.S. Dollar over time. It is widely used by economists, policymakers, and market analysts to assess Denmark's economic performance and trade dynamics.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using official exchange rate information.
Historical Context
The Danish Krone exchange rate is an important metric for evaluating Denmark's economic competitiveness and trade relationships.
Key Facts
- The Danish Krone has been pegged to the Euro since 1999.
- Denmark has maintained a fixed exchange rate policy for decades.
- The Krone is one of the most stable currencies in the world.
FAQs
Q: What does this economic trend measure?
A: The Danish Krone, Annual, Seasonally Adjusted series tracks the yearly exchange rate between the Danish Krone and the U.S. Dollar, with seasonal factors removed.
Q: Why is this trend relevant for users or analysts?
A: The Danish Krone exchange rate is a key indicator of Denmark's economic competitiveness and trade dynamics, making it important for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using official exchange rate information.
Q: How is this trend used in economic policy?
A: The Danish Krone exchange rate is closely monitored by the Danish government and the European Central Bank as part of Denmark's fixed exchange rate policy and integration with the Eurozone.
Q: Are there update delays or limitations?
A: The Danish Krone, Annual, Seasonally Adjusted data is published regularly by the U.S. Federal Reserve with minimal delays, providing a reliable and up-to-date indicator.
Related Trends
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Denmark
CPGRLE01DKA657N
Sales: Retail Trade: Car Registration: Passenger Cars for Denmark
SLRTCR03DKA180N
Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Denmark
CRDQDKBPABIS
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Denmark
DNKFCLODCHXDC
Consumer Price Index: Harmonized Prices: All Items: Total for Denmark
DNKCPHPTT01IXEBM
Infra-Annual Labor Statistics: Working-Age Population Male: From 25 to 54 Years for Denmark
LFWA25MADKA647N
Citation
U.S. Federal Reserve, Danish Krone, Annual, Seasonally Adjusted (XTEXVA01DKA664S), retrieved from FRED.