Effective krone rate
| EFFECTIVE KRONE RATE |
Table 24
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| Average | Nominal effective krone rate |
Consumer-price indices | Real effective krone rate based on consumer prices |
Real effective krone rate based on hourly earnings |
Consumer- price index in the euro area |
|
| Denmark | Abroad | |||||
| 1980=100 | 1996=100 | |||||
| 2000 | 95.6 | 219.3 | 205.0 | 102.3 | 98.8 | 106.0 |
| 2001 | 96.9 | 224.4 | 209.8 | 103.6 | 101.4 | 108.5 |
| 2002 | 97.7 | 229.9 | 213.4 | 105.3 | 103.5 | 110.9 |
| 2003 | 101.2 | 234.7 | 217.1 | 109.5 | 108.3 | 113.2 |
| 2004 | 102.2 | 237.4 | 220.8 | 109.9 | 109.8 | 115.7 |
| Jun 05 | 100.9 | 242.1 | 224.8 | 108.8 | 109.4 | 118.3 |
| Jul 05 | 101.2 | 241.8 | 225.1 | 108.9 | … | 118.2 |
| Aug 05 | 101.3 | 241.8 | 225.5 | 108.8 | … | 118.5 |
| Sep 05 | 101.0 | 243.8 | 226.5 | 108.8 | 109.4 | 119.1 |
| Oct 05 | 100.9 | 243.6 | 226.7 | 108.6 | … | 119.4 |
| Nov 05 | 100.7 | 242.9 | … | … | … | … |
| Change compared with previous year, per cent | ||||||
| 2000 | -4.1 | 2.9 | 2.2 | -3.4 | -4.0 | 2.1 |
| 2001 | 1.3 | 2.4 | 2.3 | 1.3 | 2.6 | 2.3 |
| 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 | 2.1 |
| Jun 05 | -0.8 | 1.8 | 1.8 | -0.8 | 0.3 | 2.1 |
| Jul 05 | -0.8 | 2.0 | 1.8 | -0.5 | … | 2.2 |
| Aug 05 | -0.6 | 2.2 | 1.9 | -0.2 | … | 2.2 |
| Sep 05 | -1.0 | 2.4 | 2.2 | -0.7 | -0.4 | 2.6 |
| Oct 05 | -1.4 | 2.0 | 2.0 | -1.1 | … | 2.5 |
| Nov 05 | -2.0 | 2.0 | … | … | … | … |
| 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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