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Danish Krone (DKK)

Denmark — Danmarks Nationalbank

Danish krone — pegged to the euro within ERM II under one of the world's longest-running currency arrangements.

FX Session:
London
USD/DKK
6.56153
USD/DKK Exchange Rate
DKK country and API coverage
Tracked indicators 31

Catalogue entries available for this market.

Published latest rows 6

Indicators with recent values loaded for this page.

Source groups 6

Publisher groups represented in coverage metadata.

Primary FX pair USD/DKK

Displayed with the chart and linked market workflows.

DKK currency market profile

Core identifiers, trading context, and product links for Denmark coverage.

Currency code DKK

Danish Krone

Policy institution Danmarks Nationalbank

Primary central-bank or monetary authority reference.

Primary USD pair USD/DKK

Fast path into the FX pair dashboard and market profile.

Trading session London

Approximate primary liquidity window used across FXMacroData pages.

Symbol kr

Display symbol used in product surfaces.

Also known as danish krone

Common market shorthand where available.

Denmark macro brief

The highest-signal pages for Denmark include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Gross Domestic Product (GDP) Growth, with each page linking back to the source metadata, release history, and API endpoint.

The Danish krone (DKK) is the official currency of Denmark. Since 1999 it has participated in the European Exchange Rate Mechanism II (ERM II), maintaining a central rate of 7.46038 DKK per euro within a narrow ±2.25% band.

Danmarks Nationalbank does not pursue an independent inflation target. Its primary objective is to keep EUR/DKK close to the central parity, achieved through matching the ECB's policy moves and intervening in the FX market when needed.

What to watch
  • Danmarks Nationalbank certificate-of-deposit (CD) rate.
  • EUR/DKK spot near the 7.46 central rate.
  • Monthly FX reserve disclosures.
  • ECB monetary policy decisions.
  • Danish CPI and labour-market data.
Economic Indicators
Indicator Latest Previous Change Date Data starts
Policy Rate 1.6 1.6 0.00 2025-12-31 2000-02-04
Inflation 1.8 2.2 -0.40 2025-06-30 2010-01-31
Gdp 754.951 771.955 -17.00 2025-06-30 2000-03-31
Unemployment 2.7 2.8 -0.10 2025-06-30 2017-07-31
Trade Balance 29171.2 31400.7 -2229.50 2025-06-30 2010-01-31
Ppi 9.1 8.8 +0.30 2025-06-30 2010-01-31
DKK API docs and available data

This replaces the separate currency API hub. Search the full DKK catalogue, then open detailed endpoint docs for any published indicator.

Economy 11 endpoints

Business Confidence

Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.

Monthly Index (0-100 normalized) Statistics Denmark
Data starts 2010-01-31 Latest available 2026-05-31
/api/v1/announcements/dkk/business_confidence
Endpoint docs Indicator overview

Consumer Confidence

Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.

Monthly Index (0-100 normalized) Statistics Denmark
Data starts 2010-01-31 Latest available 2026-05-31
/api/v1/announcements/dkk/consumer_confidence
Endpoint docs Indicator overview

Core Inflation

CPI excluding volatile items like food and energy.

Quarterly %YoY ABS
Data starts Pending
/api/v1/announcements/dkk/core_inflation
Endpoint docs Indicator overview

Current Account Balance

Measures trade in goods and services and income flows.

Quarterly DKK mn Statistics Denmark
Data starts 2010-01-31 Latest available 2026-04-30
/api/v1/announcements/dkk/current_account_balance
Endpoint docs Indicator overview

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Quarterly DKK bn Statistics Denmark
Data starts 2000-03-31 Latest available 2026-03-31
/api/v1/announcements/dkk/gdp
Endpoint docs Indicator overview

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Monthly %YoY Statistics Denmark
Data starts 2010-01-31 Latest available 2026-05-31
/api/v1/announcements/dkk/inflation
Endpoint docs Indicator overview

Inflation MoM

Month-over-month change in the consumer price index, measuring short-term inflationary momentum.

Monthly %MoM Statistics Denmark
Data starts 2010-01-31 Latest available 2026-05-31
/api/v1/announcements/dkk/inflation_mom
Endpoint docs Indicator overview

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Monthly %YoY Statistics Denmark
Data starts 2010-01-31 Latest available 2026-05-31
/api/v1/announcements/dkk/ppi
Endpoint docs Indicator overview

Retail Sales

Measures change in the total value of sales at the retail level.

Monthly %YoY Statistics Denmark
Data starts Pending
/api/v1/announcements/dkk/retail_sales
Endpoint docs Indicator overview

Trade Balance

The difference between the value of a country's exports and imports.

Monthly DKK mn Statistics Denmark
Data starts 2010-01-31 Latest available 2026-04-30
/api/v1/announcements/dkk/trade_balance
Endpoint docs Indicator overview

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Monthly Index (2020=100) Nationalbanken
Data starts 2010-01-31 Latest available 2026-05-31
/api/v1/announcements/dkk/trade_weighted_index
Endpoint docs Indicator overview
Labor Market 6 endpoints

Employment Level

Total number of employed persons.

Quarterly Persons Statistics Denmark
Data starts 2008-03-31 Latest available 2026-03-31
/api/v1/announcements/dkk/employment
Endpoint docs Indicator overview

Full-Time Employment

Number of persons employed full-time.

Quarterly Persons Statistics Denmark
Data starts Pending
/api/v1/announcements/dkk/full_time_employment
Endpoint docs Indicator overview

Part-Time Employment

Number of persons employed part-time.

Quarterly Persons Statistics Denmark
Data starts Pending
/api/v1/announcements/dkk/part_time_employment
Endpoint docs Indicator overview

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Quarterly % Statistics Denmark
Data starts Pending
/api/v1/announcements/dkk/participation_rate
Endpoint docs Indicator overview

Unemployment Rate

Percentage of the labor force that is unemployed.

Monthly % Statistics Denmark
Data starts 2017-07-31 Latest available 2026-04-30
/api/v1/announcements/dkk/unemployment
Endpoint docs Indicator overview

Average Weekly Earnings / Wages

Measures nominal wage growth.

Quarterly %YoY Statistics Denmark
Data starts Pending
/api/v1/announcements/dkk/wages
Endpoint docs Indicator overview
Money & Credit 3 endpoints

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Monthly DKK mn Nationalbanken
Data starts Pending
/api/v1/announcements/dkk/m1
Endpoint docs Indicator overview

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Monthly DKK mn Nationalbanken
Data starts Pending
/api/v1/announcements/dkk/m2
Endpoint docs Indicator overview

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Monthly DKK mn Nationalbanken
Data starts Pending
/api/v1/announcements/dkk/m3
Endpoint docs Indicator overview
Monetary Policy 2 endpoints

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

As-needed % Nationalbanken
Data starts 2000-02-04 Latest available 2026-06-12
/api/v1/announcements/dkk/policy_rate
Endpoint docs Indicator overview

Risk Free Rate

Overnight lending rate between banks.

Daily % Nationalbanken
Data starts 2010-01-08 Latest available 2026-06-12
/api/v1/announcements/dkk/risk_free_rate
Endpoint docs Indicator overview
Government Bond Yields 5 endpoints

10-Year Government Bond Yield

Reference information for 10-Year Government Bond Yield.

Monthly % Nationalbanken
Data starts 2010-01-31 Latest available 2026-05-31
/api/v1/announcements/dkk/gov_bond_10y
Endpoint docs Indicator overview

2-Year Government Bond Yield

Reference information for 2-Year Government Bond Yield.

Monthly % IMF IFS
Data starts Pending
/api/v1/announcements/dkk/gov_bond_2y
Endpoint docs Indicator overview

3-Year Government Bond Yield

Reference information for 3-Year Government Bond Yield.

Monthly % Nationalbanken
Data starts Pending
/api/v1/announcements/dkk/gov_bond_3y
Endpoint docs Indicator overview

5-Year Government Bond Yield

Reference information for 5-Year Government Bond Yield.

Monthly % IMF IFS
Data starts Pending
/api/v1/announcements/dkk/gov_bond_5y
Endpoint docs Indicator overview

Inflation-Linked Bond Yield

Reference information for Inflation-Linked Bond Yield.

Monthly % Nationalbanken
Data starts Pending
/api/v1/announcements/dkk/inflation_linked_bond
Endpoint docs Indicator overview
Additional Indicators 4 endpoints

Central Bank Reserves - Domestic Currency

Reference information for Central Bank Reserves - Domestic Currency.

Monthly Local Currency mn Central Bank
Data starts Pending
/api/v1/announcements/dkk/cb_reserves_domestic_currency
Endpoint docs Indicator overview

Central Bank Reserves - Foreign Currency

Reference information for Central Bank Reserves - Foreign Currency.

Monthly USD mn Central Bank
Data starts Pending
/api/v1/announcements/dkk/cb_reserves_foreign_currency
Endpoint docs Indicator overview

Central Bank Reserves - Gold

Reference information for Central Bank Reserves - Gold.

Monthly USD mn Central Bank
Data starts Pending
/api/v1/announcements/dkk/cb_reserves_gold
Endpoint docs Indicator overview

House Prices

Indicator validated by integration tests.

Quarterly %QoQ National Statistics Office
Data starts 2010-03-31 Latest available 2025-12-31
/api/v1/announcements/dkk/house_prices
Endpoint docs Indicator overview
Danmarks Nationalbank Press Releases

About the Danish Krone (DKK)

The Danish krone (DKK) is the official currency of Denmark. Since 1999 it has participated in the European Exchange Rate Mechanism II (ERM II), maintaining a central rate of 7.46038 DKK per euro within a narrow ±2.25% band.

Danmarks Nationalbank: monetary policy framework

Danmarks Nationalbank does not pursue an independent inflation target. Its primary objective is to keep EUR/DKK close to the central parity, achieved through matching the ECB's policy moves and intervening in the FX market when needed.

What moves the DKK?

  • EUR/DKK position relative to the 7.46038 central rate.
  • ECB policy-rate decisions, which Danmarks Nationalbank typically follows.
  • Danmarks Nationalbank FX reserves (a proxy for intervention).
  • Spread between Danish and German short-term rates.
  • Periodic stress in the krone peg around large flow events.

Key data and events to watch

  • Danmarks Nationalbank certificate-of-deposit (CD) rate.
  • EUR/DKK spot near the 7.46 central rate.
  • Monthly FX reserve disclosures.
  • ECB monetary policy decisions.
  • Danish CPI and labour-market data.

Frequently asked questions about the Danish Krone

Is the Danish krone pegged to the euro?
Yes. Denmark participates in ERM II with a central rate of 7.46038 DKK per euro and a ±2.25% band, although in practice Danmarks Nationalbank keeps EUR/DKK in a much tighter range.
Why didn't Denmark join the euro?
Denmark negotiated an opt-out from euro adoption in the 1992 Maastricht Treaty after voters rejected the treaty in a referendum. A second euro referendum in 2000 also rejected adoption.
How does Danmarks Nationalbank defend the peg?
It primarily uses unilateral interest-rate moves — adjusting the certificate-of-deposit rate independently of the ECB if necessary — and FX-market intervention from its reserves. In stressed episodes it has introduced negative rates and capped CD volumes.
All Currencies
🇺🇸 USD — US Dollar 🇪🇺 EUR — Euro 🇬🇧 GBP — British Pound 🇯🇵 JPY — Japanese Yen 🇦🇺 AUD — Australian Dollar 🇨🇦 CAD — Canadian Dollar 🇨🇭 CHF — Swiss Franc 🇳🇿 NZD — New Zealand Dollar 🇨🇳 CNY — Chinese Yuan 🇳🇴 NOK — Norwegian Krone 🇸🇪 SEK — Swedish Krona 🇩🇰 DKK — Danish Krone 🇧🇷 BRL — Brazilian Real 🇹🇭 THB — Thai Baht 🇮🇩 IDR — Indonesian Rupiah 🇵🇪 PEN — Peruvian Sol 🇳🇬 NGN — Nigerian Naira 🇮🇱 ILS — Israeli New Shekel