When does Danmarks Nationalbank publish its daily exchange rates?
Danmarks Nationalbank publishes the daily exchange rates in Danish kroner as quickly as possible, which is around 4:00 pm – as soon as the European Central Bank (ECB) has published the euro exchange rates on their website. In Danmarks Nationalbank's Statbank, the exchange rates are not available until 9:00 am on the following banking day.
For which currencies does Danmarks Nationalbank publish exchange rates?
Danmarks Nationalbank's mirrors the European Central Bank (ECB), i.e. Danmarks Nationalbank sets an indicative exchange rate – converted into Danish kroner – for all currencies for which the ECB determines a daily euro exchange rate, see the link to the ECB website. The ECB publishes euro exchange rates for all official currencies of non-euro area member states of the European Union. The ECB also sets and publishes euro exchange rates of the currencies with the most liquid active spot FX markets.
Does Danmarks Nationalbank set exchange rates 365 days a year?
No, Danmarks Nationalbank sets exchange rates on all weekdays, except for Danish public holidays, the day after Ascension Day, 1 May, Constitution Day (5 June), 24 December and 31 December.
Where would I find the exchange rate for, say, the euro in December 2016?
Follow this link to Danmarks Nationalbank's Statbank. For the exchange rate on a specific day, select the DNVALD time series. For the average exchange rate or the closing exchange rate of the month, quarter or year, select DNVALM, DNVALQ and DNVALA, respectively.
How does Danmarks Nationalbank set the exchange rate of a currency?
Danmarks Nationalbank sets exchange rates based on the interbank market, i.e. the market where banks trade among themselves. See the link to "Information on the fixing of exchange rates" for a description on how exchange rates are set.
Can I buy or sell foreign at my local bank at Danmark Nationalbank's exchange rates?
No, the exchange rates posted on Danmarks Nationalbank's website are indicative only and not for trading purposes.
More information on Danmarks Nationalbank's exchange rates.