Exchange Rate in Denmark
Denmark - Exchange RateThe economy accelerated in Q4 2018, thanks to solid momentum in the industrial and transport sectors, according to the Statistical Institute’s preliminary GDP estimate. Turning to Q1, the economy appears to be facing mounting headwinds at the start of the year. Business sentiment remained decidedly pessimistic in January, likely mired by uncertainty surrounding Brexit negotiations and future export prospects, while the manufacturing PMI lost ground in the same month on weaker growth in production and employment. In other news, following its first intervention in the foreign exchange market in nearly three years in December, the Central Bank intervened again in January to defend the currency peg after the krone weakened due to feeble international demand. This is likely a first step in the transition towards a normalization of monetary policy.
Denmark - Exchange Rate Data
|Exchange Rate (vs USD)||5.43||6.16||6.87||7.06||6.21|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||0.16||-1.54 %||Mar 11|
|Exchange Rate||6.63||-0.57 %||Mar 11|
|Stock Market||990||-0.39 %||Mar 11|
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March 11, 2019
According to Statistics Denmark, consumer prices climbed 0.4% over the prior month in February, up from the 0.2% rise registered in January.
February 28, 2019
According to the latest national accounts data, released by Statistics Denmark on 28 February, the economy grew at a downwardly revised 0.7% pace in seasonally adjusted quarterly terms in the fourth quarter of 2018 (previously reported: +0.8% quarter-on-quarter), accelerating from Q3’s revised 0.4% growth (previously reported: +0.7% qoqsa).
February 27, 2019
According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector ticked down to minus 6 points in February from minus 5 points in January, inching further below the critical zero-point threshold that separates optimism from pessimism in the sector. The continued decline in confidence in the industrial sector was largely driven by firms’ less optimistic assessment of production, while stocks of finished goods rose higher in the month.
February 20, 2019
In February, consumer confidence dissipated somewhat, with the consumer confidence index released by Statistics Denmark falling to 3.3 points from 3.9 points in January.
February 14, 2019
According to a flash estimate released on 14 February, GDP grew 0.8% in seasonally-adjusted quarter-on-quarter terms in the fourth quarter, up from the 0.7% increase logged in the third quarter.