Exchange Rate in Denmark
In April, inflation cooled to a 14-month low of 5.3% (March: 6.7%) as price growth for housing and utilities slowed. Similarly, core inflation softened to 6.1%. Higher interest rates and slowing activity will keep a lid on price pressures, which should continue to ease by end-2023. That said, inflation this year will average more than double the ECB’s 2.0% target.
Denmark Exchange Rate Chart
Denmark Exchange Rate Data
|Exchange Rate (DKK per USD, aop)||6.60||6.32||6.67||6.54||6.29|