Interest and exchange rates

Predefined tables

Interest rates:

Official interest rates of Danmarks Nationalbank (discount rate, current account deposit, lending and certificates of deposit), daily observations

Official interest rates of Danmarks Nationalbank (discount rate, current account deposit, lending and certificates of deposit), end-month

Official interest rates of Danmarks Nationalbank (discount rate, current account deposit, lending and certificates of deposit), end-year

Inter-bank interest rate (Tomorrow/Next), daily observations

Inter-bank interest rate (Tomorrow/Next), monthly average
Inter-bank interest rate (Tomorrow/Next), end-month

Inter-bank interest rate (Tomorrow/Next), annual average

Inter-bank interest rate (Tomorrow/Next), end-year

 

Exchange rates:
Exchange rates, daily observations
Exchange rates, monthly average
Exchange rates, end-month
Exchange rates, annual average
Exchange rates, end-year
Nominal effective krone rate, daily observations
Nominal effective krone rate, monthly average
Nominal effective krone rate, end-month
Nominal effective krone rate, quarterly average
Nominal effective krone rate, annual average
Nominal effective krone rate, end-year

The most important currencies' impact on the change in the nominal effective krone rate in relation to previous period, monthly impact

The most important currencies' impact on the change in the nominal effective krone rate in relation to previous period, annual impact

Real effective krone rate based on consumer prices:
Real effective krone rate based on hourly earnings:
 

 

Sources and method

Interest and exchange rates
 
0 Administrative Information about the Statistical Product
1 Contents
2 Time
3 Accuracy
4 Comparability
5 Accessibility
6 Supplementary Documentation
 
 
0 Administrative Information about the Statistical Product

0.1 Name

Interest and exchange rates.

0.2 Subject Area
Statistics on interest rates
Exchange rates

Money and credit market.

0.3 Responsible Authority, Office, Person, etc.
Danmarks Nationalbank, Secretariat and Communications, Publicing
Communications, tel. +45 33 63 70 00, e-mail: kommunikation@nationalbanken.dk
0.4 Purpose and History
The statistics are used as benchmark for business related to exchange rates and interest-based assets and/or liabilities.

Historically Danmarks Nationalbank has collected the data.

0.5 Users and Application

Banks, other financial corporations, non-financial corporations, private individuals, professional and industrial bodies.

0.6 Sources

Danmarks Nationalbank.

0.7 Legal Authority to Collect Data

The collection takes place as a part of the ordinary activities of Danmarks Nationalbank.

0.8 Response Burden

None – the collection takes place as a part of ordinary activities of Danmarks Nationalbank.

0.9 EU Regulation

None.

 

1 Contents

1.1 Description of Contents
The statistics contain the official interest and exchange rates fixed by Danmarks Nationalbank or observed in the money market.

1.2 Statistical Concepts
Current accounts
Banks enter surplus liquidity on demand into their current accounts.

Certificates of deposit

Certificates of deposit, which are normally sold on the last banking day of the week and have a maturity of 7 days, do not accrue interest, but are sold below par so that the implicit yield constitutes the certificate of deposit interest rate. At its pre-announced repurchases of certificates of deposit Danmarks Nationalbank normally calculate a small premium in addition to the official rates.

Lending

In the weekly market operations, counterparties can obtain 7-day loans against collateral, or deposit liquidity for 7 days by purchasing certificates of deposit. In the monthly market operations the counterparties can obtain 6-month loans against collateral. The interest rate on 6-month loans is variable, set at Danmarks Nationalbank's 7-day lending rate.

Money-market interest rates

The tomorrow/next rate is an interbank interest rate for uncollateralized money market lending which is calculated as a turnover weighted average of the rates of 12 reporters.

Exchange rates
The shown exchange rates are calculated on the basis of the rates listed daily at 2.15 p.m. as from January 2002. Until end-2001 the exchange rates were calculated on the basis of rates listed at 11.30 a.m. The denominations used are the international ISO codes, which stand for the following currencies:
 
Euro​EURSwedish kronorSEK​Japanese yenJPY​​
US-dollarUSD​Norwegian kronerNOK​​​
Pound sterlingGBPSwiss francCHF​​​
Australian dollarAUDChinese yuan renminbiCNY​South African randZAR​
Brasilian realBRLCroatian kunaHRKSouth Korean wonKRW​​​
Bulgarian levBGN​Malaysian ringgitMYR​Thai bahtTHB​​​​​
Canadian dollarCADMexican pesoMXN​​​​ Czech korunaCZK​​
Philippine pesoPHPNew Zealand dollarNZDTurkish liraTRY​
Hong Kong dollar​​HKDPolish zloty​​PLNHungarian forintHUF​​
Indian rupee INRRomanian leiRONSDRXDR​
Indonesian rupiahIDRRussian roubleRUB​​​​
Israeli shekel​ILS​Singapore dollarSGD
 
The nominal effective krone rate

The nominal effective krone rate is a geometrical weighting of the development in the currencies of 27 of Denmark's most important trading partners vis-à-vis the Danish krone, and the calculation is made on the basis of the exchange rates at 2.15 p.m. each banking day. As from January 2015 the weighting basis is based on trading in manufactured goods in 2014. The employed consumer price indexes are national indexes compiled by the national statistical agencies.

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.

An increase in the index reflects a nominal or a real appreciation of the krone.

 

2 Time

2.1 Reference Period

The statistics are published daily, monthly and annually. Some rates are also published quarterly.

2.2 Date of Publication

Data are updated on a daily basis.

Interest rates
Monthly data are published on the 2nd banking day after end-month.
Yearly data are published on the 2nd banking day after end-year.

Quarterly data are published on the 2nd banking day after end-quarter.

Exchange rates
Monthly data are published on the 1st banking day after end-month.
Yearly data are published on the 1st banking day after end-year.

Quarterly data are published on the 1st banking day after end-quarter.

2.3 Punctuality

The statistics are normally published according to schedule.

2.4 Frequency

New figures are published in every publication irrespective of frequency.

 

3 Accuracy

3.1 Overall Accuracy

High. Danmarks Nationalbank publish the official figures for both interest and exchange rates.

3.2 Sources of Inaccuracy

None.

3.3 Measures on Accuracy

There are no measures on accuracy.

 

4 Comparability

4.1 Comparability over Time

There are no previous surveys.

4.2 Comparability with other Statistics
Comparable with exchange rates of other central banks.

4.3 Coherence between Provisional and Final Statistics

Only final figures are published.

 

5 Accessibility

5.1 Forms of Dissemination
Published via:

Also see Danmarks Nationalbank, Report and Accounts.

5.2 Basic Material: Storage and Usability

The data are stored in Danmarks Nationalbank, Statistics' database.

5.3 Documentation

None.

5.4 Other Information

None.

 

6 Supplementary Documentation

None.

 
Last revised: 15/09/2017