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
2005
101.6
241.7
228.5
107.5
109.6
100.0
2006
101.6
246.2
233.4
107.3
110.2
102.2
2007
103.2
250.5
238.7
108.3
112.7
104.4
2008
105.8
259.0
246.9
111.1
116.7
107.8
2009
107.8
262.4
247.3
114.9
120.7
108.1
Jan 10
107.0
263.6
248.5
113.8
...
108.1
Feb 10
105.7
266.6
249.5
113.4
...
108.4
Mar 10
105.4
268.2
250.7
113.3
118.2
109.4
Apr 10
104.8
268.6
251.4
112.5
...
109.9
May 10
103.3
268.6
...
...
...
110.0
Jun 10
102.2
268.2
...
...
...
110.0
 
Change compared with previous year, per cent
2005
-0.6
1.8
2.0
-0.7
-0.2
2.2
2006
0.0
1.9
2.1
-0.1
0.6
2.2
2007
1.6
1.7
2.3
0.9
2.2
2.2
2008
2.5
3.4
3.4
2.6
3.6
3.3
2009
1.9
1.3
0.2
3.4
3.4
0.3
Jan 10
-0.3
2.0
1.3
0.0
...
1.0
Feb 10
-1.0
1.9
1.3
-0.7
...
0.9
Mar 10
-2.4
2.2
1.7
-2.2
-1.9
1.4
Apr 10
-2.4
2.4
1.8
-2.1
...
1.5
May 10
-3.9
2.2
...
...
...
1.6
Jun 10
-5.4
1.7
...
...
...
1.4
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.
As from April 2010 the weights are based on trade in manufactured goods in 2009 - earlier 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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