When does Danmarks Nationalbank publish daily exchange rates?
Danmarks Nationalbank publishes daily exchange rates in Danish kroner as soon as they become available. This happens at about 16:00, as soon as the ECB has published the exchange rates in euro on its website. At Danmarks Nationalbank’s StatBank, exchange rates are not available until 9:00 the next banking day.
For which currencies does Danmarks Nationalbank set an exchange rate?
Danmarks Nationalbank mirrors the European Central Bank (ECB), i.e. Danmarks Nationalbank sets an exchange rate – converted into Danish kroner – for all currencies for which the ECB sets a daily euro exchange rate, see link to the ECB’s website. The ECB publishes euro exchange rates for all official currencies of the member states of the European Union which are not part of the euro area. The ECB also sets and publishes euro exchange rates of the currencies with the most liquid and active spot FX markets.
Does Danmarks Nationalbank set exchange rates on all days of the 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.
How can I find out what the exchange rate was for euro, for example, in December 2022?
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 closing exchange rate for the month, quarter or year, select DNVALM, DNVALQ and DNVALA, respectively.
How does Danmarks Nationalbank determine the exchange rate for a currency?
This is done based on exchange rates in the interbank market, which is the market in which banks trade with each other. See link to "Information about exchange rates" for a more detailed description of how the exchange rates are set.
Can I buy or sell currency in my bank at Danmarks Nationalbank’s exchange rates?
No, the exchange rates on Danmarks Nationalbank’s website are indicative and are not meant for trading purposes.