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
Consumer-price index in the
euro area
Denmark
Abroad
1980=100
2005=100
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
107.7
109.4
100.0
2006
101.6
246.2
232.5
107.7
110.2
102.2
2007
103.2
250.5
237.7
108.7
113.5
104.4
Jan 08
105.1
253.7
241.2
110.4
...
105.8
Feb 08
105.0
256.8
242.2
111.1
...
106.2
Mar 08
106.1
257.8
243.7
112.0
115.9
107.2
Apr 08
106.6
258.7
244.4
112.5
...
107.6
May 08
106.3
259.6
245.7
112.0
...
108.2
Jun 08
106.5
...
...
...
...
...
 
Change compared with previous year, per cent
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
2005
-0.6
1.8
1.8
-0.6
-0.3
2.2
2006
0.0
1.9
1.9
0.1
0.7
2.2
2007
1.6
1.7
2.2
0.9
3.0
2.1
Jan 08
3.0
2.9
3.1
2.6
...
3.2
Feb 08
2.6
3.1
3.1
2.4
...
3.3
Mar 08
3.2
3.1
3.3
2.7
3.6
3.6
Apr 08
3.5
3.2
3.1
3.4
...
3.3
May 08
3.1
3.4
3.4
2.9
...
3.7
Jun 08
3.3
...
...
...
...
...
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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