Press releases

25 SEPTEMBER 2007: TURNOVER IN THE DANISH FOREIGN-EXCHANGE MARKET HAS DOUBLED SINCE 2004

According to a survey conducted by Danmarks Nationalbank, turnover in the Danish foreign-exchange market more than doubled from April 2004 to April 2007, reaching 86 billion dollars per day. Trade in foreign-exchange derivatives has also increased substantially, while trade in interest-rate derivatives has fallen back slightly after a significant increase in 2004.

While foreign-exchange transactions are increasingly denominated in euro, the US dollar remains the most frequently traded currency.

FX swaps still account for the vast majority of transactions in the foreign-exchange market. For all instrument types, turnover has increased since 2004.

The survey forms part of a triennial international survey of foreign-exchange and derivatives market activity conducted under the auspices of the Bank for International Settlements (BIS). The Danish figures are collected from six banks that account for more than 95 per cent of the turnover in the instruments covered by the survey.

Further information about the survey can be found in a special publication at Danmarks Nationalbank's website www.nationalbanken.dk under Statistics, Download statistics – Publications.

1 OCTOBER 2007: DANMARKS NATIONALBANK'S DATA MOVES TO STATISTICS DENMARK

From now on, users of Danmarks Nationalbank's and Statistics Denmark's economic and financial statistics need only visit one website. Danmarks Nationalbank's data will be transferred to statistik-banken.dk.

The purpose is to facilitate access to all economic and financial statistics. In addition, StatBank Denmark functionality can be applied to Danmarks Nationalbank's tables. For example, users of the economic and financial time series will be able to download series directly from StatBank Denmark – including data from both Danmarks National-bank and Statistics Denmark.

Governor Torben Nielsen emphazises the economic perspective, "In recent years we have expanded our financial statistics substantially and it has become increasingly important for us to ensure that users have easy and coherent access to detailed data. The transfer to sta-tistikbanken.dk is the right solution – also from an economic point of view."

National Statistician Jan Plovsing is pleased on behalf of the users, "I am pleased that users of statistikbanken.dk will have access to a broader range of statistical data in the same system as all the official statistics compiled by Statistics Denmark. In future, statistikbanken.dk will comprise nearly all statistics on the Danish economy, so that users can get a general overview of economic developments in Denmark."

Danmarks Nationalbank's tables will be available under the following subjects: statistikbanken.dk/14, statistikbanken.dk/15 and statistik-banken.dk/16.

Users who need to access Danmarks Nationalbank's tables only can find them at nationalbanken.statistikbank.dk