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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