Revision of the Weights for Calculation of the Nationalbank's Effective Krone Rate Index

Authors Pedersen, Erik Haller
Subject Monetary conditions; Financial markets
Type Monetary Review  
Year 1998
Published 21 July 1998
Danmarks Nationalbank regularly publishes an index of the development in the strength of the krone, called the effective kronerate index. Changes in trading patterns make it necessary from time to time to recalculate the weights at which the individual exchange rates are weighted together when the index is calculated. This took place most recently in 1992 using a set of weights based on trade in manufactured goods in 1989. As from June 2, 1998 the Nationalbank will publish an effective kronerate index calculated using weights based on trade in manufactured goods in 1995.