Press releases
Publication of exchange rates by Danmarks
Nationalbank
As from 1 January 2002 Danmarks Nationalbank will no longer publish exchange rates for the national currencies in the
euro area. Since 1 January 1999 the euro has been the single currency of these 12 countries. After the introduction of
euro banknotes and coins as from 1 January 2002, the previous national banknotes and coins will quickly cease to
circulate. Danmarks Nationalbank will continue to publish exchange rates for the euro. The locked conversion rates of
the 12 national currencies against the euro can be seen on Danmarks Nationalbank's web site www.nationalbanken.dk
under Euro.
In view of the expansion of trade with a number of eastern and central European countries, as well as some countries in
Asia, as from 1 January 2002 Danmarks Nationalbank will publish exchange rates for 8 new countries.
As from 1 January 2002 the list of exchange rates will include the following currencies:
As from 1 januar 2002 the list of exchange rates will include the following currencies:
| Euro area |
Euro |
EUR |
|
| USA |
Dollar |
USD |
|
| UK |
Pound sterling |
GBP |
|
| Sweden |
Krona |
SEK |
|
| Norway |
Krone |
NOK |
|
| Iceland |
Krone |
ISK |
|
| Switzerland |
Franc |
CHF |
|
| Canada |
Dollar |
CAD |
|
| Japan |
Yen |
JPY |
|
| Australia |
Dollar |
AUD |
|
| New Zealand |
Dollar |
NZD |
|
| Estonia |
Kroon |
EEK |
new |
| Latvia |
Lats |
LVL |
new |
| Lithuania |
Litas |
LTL |
new |
| Poland |
Zloty |
PLN |
new |
| Czech Republic |
Koruna |
CZK |
new |
| Hungary |
Forint |
HUF |
new |
| Hong Kong |
Dollar |
HKD |
new |
| Singapore |
Dollar |
SGD |
new |
|
SDR (calculated) |
XDR |
|
Danmarks Nationalbank's exchange rates are normally fixed on the basis of information received from other central
banks at 2.15 p.m. They are published for information purposes. It is not possible to either purchase currency from
Danmarks Nationalbank or sell currency to Danmarks Nationalbank at the published exchange rates.
As from 1 January 2002 the exchange rates will be published at approximately 2.30 p.m.
On 18 september 2001 on interest rates reduction
The discount rate and the rate of interest on the banks' current accounts with the Nationalbank are lowered by 0.50 per
cent to 3.75 per cent. The Nationalbank's lending rate and the rate of interest on certificates of deposit are lowered by
0.50 per cent to 4.15 per cent.
The reduction takes effect as from 18 September 2001.
Following the terrorist attack on the USA several central banks, including the Federal Reserve and the European
Central Bank, have lowered official interest rates by 0.50 per cent to counter the greater uncertainty concerning the
economic development. The Nationalbank's reduction of interest rates is a result of this international development. The
interest-rate differential between Denmark and the euro area is thus maintained.
On 8 november 2001 on interest rate reduction
The discount rate and the rate of interest on the banks' current accounts with the Nationalbank are lowered by 0.50 per
cent to 3.25 per cent. The National.bank's lending rate and the rate of interest on certificates of deposit are lowered
by 0.50 per cent to 3.60 per cent.
The reduction will have effect as from 9 November 2001.
The interest rate reduction is a consequence of the lowering by 0.50 per cent to 3.25 per cent in the European Central
Bank's minimum bid rate on the main refinancing operations.
| 
