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
Consumerprice index in the
euro area
Denmark
Abroad
1980=100
2005=100
2004
102.2
237.4
224.0
108.3
109.8
97.9
2005
101.6
241.7
228.4
107.6
109.6
100.0
2006
101.6
246.2
233.0
107.5
110.3
102.2
2007
103.2
250.5
238.2
108.5
113.7
104.4
2008
105.8
259.0
245.8
111.5
117.7
107.8
Apr 09
107.4
262.2
245.9
115.4
...
108.2
May 09
107.5
262.9
246.2
115.4
...
108.3
Jun 09
108.0
263.6
246.7
115.8
121.3
108.5
Jul 09
107.9
262.2
246.2
115.4
...
107.8
Aug 09
107.4
262.9
246.7
114.8
...
108.1
Sep 09
108.0
...
...
...
...
...
 
Change compared with previous year, per cent
2004
1.0
1.2
1.7
0.4
1.3
2.1
2005
-0.6
1.8
1.9
-0.7
-0.2
2.2
2006
0.0
1.9
2.0
0.0
0.7
2.2
2007
1.6
1.7
2.2
0.9
3.1
2.2
2008
2.5
3.4
3.2
2.8
3.5
3.3
Apr 09
0.8
1.4
0.4
2.8
...
0.6
May 09
1.1
1.3
0.0
3.2
...
0.0
Jun 09
1.4
1.2
-0.2
3.5
2.7
-0.1
Jul 09
1.2
1.0
-0.7
3.5
...
-0.7
Aug 09
1.6
1.1
-0.4
3.4
...
-0.2
Sep 09
2.5
...
...
...
...
...
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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