
|
Effective krone rate
| EFFECTIVE KRONE RATE |
Table 24 |
| Average |
Nominal
effective
krone
rate |
Consumer-price
indices |
Real
effective
krone
rate
based on
consumer
prices |
Real
effective
krone
rate
based on
hourly
earnings |
Con-
sumer-
price
index
in the
euro area |
Denmark |
Abroad |
1980=100 |
2005=100 |
| 2002 |
97.7
|
229.9
|
216.5
|
103.8
|
103.5
|
93.8
|
| 2003 |
101.2
|
234.7
|
220.3
|
107.9
|
108.4
|
95.8
|
| 2004 |
102.2
|
237.4
|
224.0
|
108.3
|
109.8
|
97.9
|
| 2005 |
101.6
|
241.7
|
228.2
|
107.6
|
109.3
|
100.0
|
| 2006 |
101.6
|
246.2
|
232.7
|
107.7
|
110.1
|
102.2
|
| Dec 06 |
102.3
|
247.3
|
234.4
|
107.8
|
110.9
|
103.0
|
| Jan 07 |
102.1
|
246.4
|
234.0
|
107.5
|
...
|
102.5
|
| Feb 07 |
102.3
|
249.1
|
234.9
|
108.5
|
...
|
102.8
|
| Mar 06 |
102.8
|
250.2
|
236.1
|
108.9
|
...
|
103.5
|
| Apr 07 |
103.1
|
250.6
|
237.1
|
108.8
|
...
|
104.2
|
| May 07 |
103.1
|
251.1
|
...
|
...
|
...
|
...
|
| |
Change compared with previous year, per cent
|
| 2002 |
0.9
|
2.4
|
1.7
|
1.6
|
2.0
|
2.2
|
| 2003 |
3.6
|
2.1
|
1.7
|
3.9
|
4.7
|
2.1
|
| 2004 |
1.0
|
1.2
|
1.7
|
0.4
|
1.3
|
2.2
|
| 2005 |
-0.6
|
1.8
|
1.9
|
-0.6
|
-0.5
|
2.2
|
| 2006 |
0.0
|
1.9
|
2.0
|
0.0
|
0.7
|
2.2
|
| Dec 06 |
1.5
|
1.8
|
1.9
|
1.0
|
1.7
|
1.9
|
| Jan 07 |
1.2
|
1.8
|
1.9
|
0.9
|
...
|
1.8
|
| Feb 07 |
1.6
|
1.9
|
2.0
|
1.3
|
...
|
1.8
|
| Mar 06 |
1.7
|
2.0
|
2.2
|
1.3
|
...
|
1.9
|
| Apr 07 |
1.6
|
1.7
|
2.1
|
1.0
|
...
|
1.9
|
| May 07 |
1.3
|
1.8
|
...
|
...
|
...
|
...
|
Note: The nominal effective krone rate index is a geometric weighting of the development in the Danish krone rate against currencies of Denmark's 27 most important trading partners. However, only 25 countries are included in the calculation of consumer prices abroad and the real effective krone rate based on consumer prices and hourly earnings, respectively.
The weights are based on trade in manufactured goods in 2002.
An increase in the index reflects a nominal or a real appreciation of the krone. |
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