Exchange Rate in Denmark

Denmark Exchange Rate | Economic News & Forecasts

Denmark - Exchange Rate

The economy was set back at the outset of 2022, with GDP recording a marginal decline in sequential terms. The slowdown was largely attributable to sharp moderations in government spending and private consumption, due to a statistical effect and rising price pressures. That said, the scrapping of Covid-19 restrictions towards the end of Q1 should have supported activity somewhat. Moving to the second quarter, momentum is seemingly further being dampened by constrained household spending. Inflation hit its highest value in nearly four decades in April, while consumer sentiment tumbled to its lowest levels on record in April and May due to heightened global uncertainty. That said, the ongoing tightening of the labor market through March should be providing some support. In politics, in early May a cabinet reshuffle took place for the second time since the government took office in 2019.

Denmark - Exchange Rate Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)6.87  7.06  6.21  6.51  6.66  

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Denmark Exchange Rate Chart

Denmark Exchange Rate
Note: Danish Krone (DKK) per euro
Source: Thomson Reuters.

Denmark Facts

Value Change Date
Bond Yield-0.15-1.54 %Jan 01
Exchange Rate6.66-0.57 %Jan 01

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