International Merchandise Trade Statistics: Imports: Commodities for Denmark
Danish Krone, Quarterly, Seasonally Adjusted
XTIMVA01DKQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
238,770,500,000.00
Year-over-Year Change
-5.97%
Date Range
1/1/1955 - 4/1/2025
Summary
The Danish Krone, Quarterly, Seasonally Adjusted trend measures the exchange rate between the Danish Krone and the U.S. Dollar on a quarterly basis, with seasonal adjustments. This metric is closely watched by economists and policymakers to assess Denmark's economic performance and 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 exchange rate is a key indicator of Denmark's economic health and international competitiveness. Analysts use this data to evaluate Denmark's export/import activity, foreign investment flows, and the Krone's value relative to major global currencies.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange market observations.
Historical Context
The Danish Krone exchange rate is an important input for policymakers at the Danish Central Bank and the European Central Bank when setting monetary and fiscal policies.
Key Facts
- Denmark has maintained a fixed exchange rate policy since the 1980s.
- The Danish Krone is pegged to the Euro through the European Exchange Rate Mechanism.
- Fluctuations in the Krone-Dollar rate can impact Denmark's export competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Danish Krone, Quarterly, Seasonally Adjusted trend measures 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 is closely watched by economists and policymakers to assess Denmark's economic performance and trade dynamics, as the Krone exchange rate is a key indicator of the country's international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange market observations.
Q: How is this trend used in economic policy?
A: The Danish Krone exchange rate is an important input for policymakers at the Danish Central Bank and the European Central Bank when setting monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a potential for slight delays in publication.
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Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Denmark
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Citation
U.S. Federal Reserve, Danish Krone, Quarterly, Seasonally Adjusted (XTIMVA01DKQ664S), retrieved from FRED.