International Merchandise Trade Statistics: Exports: Commodities for Denmark
Danish Krone, Quarterly, Seasonally Adjusted
XTEXVA01DKQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
310,859,300,000.00
Year-over-Year Change
24.47%
Date Range
1/1/1955 - 4/1/2025
Summary
The Danish Krone, Quarterly, Seasonally Adjusted series tracks the exchange rate between the Danish Krone and the U.S. Dollar on a quarterly basis, with seasonal adjustments. This metric is a key indicator of 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 official currency of Denmark and is pegged to the Euro. The Quarterly, Seasonally Adjusted exchange rate provides insights into Denmark's economic health and competitiveness compared to major trading partners like the United States.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Economists and policymakers use this trend to assess Denmark's trade balance, inflationary pressures, and overall macroeconomic conditions.
Key Facts
- The Danish Krone has been pegged to the Euro since 1999.
- Denmark is a major trading partner of the United States.
- Quarterly exchange rate data is seasonally adjusted to remove periodic fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Danish Krone, Quarterly, Seasonally Adjusted series tracks the exchange rate between the Danish Krone and the U.S. Dollar on a quarterly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Denmark's economic health and competitiveness compared to major trading partners like the United States, which is crucial for assessing trade dynamics and macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess Denmark's trade balance, inflationary pressures, and overall macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is provided on a quarterly basis and is seasonally adjusted to account for periodic fluctuations.
Related Trends
International Merchandise Trade Statistics: Trade Balance: Commodities for Denmark
XTNTVA01DKM667S
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Denmark
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Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Denmark
DNKCP040000IXNBM
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Denmark
PRMNTO01DKA661N
Employment to Population Rate: All Ages: All Persons for Denmark
LREPTTTTDKA156N
Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Denmark
DNKPREND401IXNBM
Citation
U.S. Federal Reserve, Danish Krone, Quarterly, Seasonally Adjusted (XTEXVA01DKQ664S), retrieved from FRED.