Exchange Rate in Denmark

Denmark Exchange Rate | Economic News & Forecasts

Denmark - Exchange Rate

According to preliminary data, the economy rebounded in Q2—returning to pre-pandemic levels—with GDP growing at the quickest pace since Q3 2020. A rapid vaccine rollout allowed authorities to lift most Covid-19 restrictions, which coupled with a decrease in the unemployment rate, likely supported stronger consumer confidence, buoying household spending in turn. Momentum has seemingly carried over at the outset of Q3: In July, the manufacturing PMI hit a near seven-year high—signaling a stronger improvement in conditions—and business sentiment was upbeat, which should support investment. Moreover, consumers were optimistic in August as sentiment hit a 19-month high. Additionally, despite rising infection rates since late June, authorities plan to remove virtually all restrictions by early September, boding well for activity. Meanwhile, on 20 August Fitch Ratings affirmed the country’s ‘AAA’ rating with a stable outlook, citing a high value-added economy and healthy government finances.

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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