Denmark Economic Information
Central Bank: National Bank of Denmark
Currency: Danish krone (DKK or kr)
The krone (kroner, plural) is known to many as a stable currency, representing a stable Danish economy. The economy capably meets the EU's (European Union) criteria to adopt the euro. Although Denmark opts to keep the krone, its value remains pegged to the euro.
Key industries:
Iron, steel, nonferrous metals, chemicals, food processing, machinery and transportation equipment, textiles and clothing, electronics, construction, furniture and other wood products, shipbuilding and refurbishment, windmills, pharmaceuticals and medical equipment.
Agricultural products:
Barley, wheat, potatoes, sugar beets, pork, dairy products and fish.
Export commodities:
Machinery and instruments, meat and meat products, dairy products, fish, pharmaceuticals, furniture and windmills.
Import commodities:
Machinery and equipment, raw materials and semimanufactures for industry, chemicals, grain and foodstuffs and consumer goods.
Historical foreign currency exchange rates
 Downward Trend |
 Upward Trend |
| Source: These exchange rates are interbank rates as published by Interactive Data as of . These rates were not available to retail customers and were not the rates offered by EverBank®. Past performance does not guarantee future results. |
A few factors to consider when evaluating the Danish krone:
Reasons to consider
- Stability of the economy. Inflation and unemployment remain low.
- In the period 2004-2006, the economy saw strong expansion, allowing for surplus on the national budget. The government used much of this surplus to reduce the national debt.
Risk factors to consider
- Potential of a slowing economy in 2008 as interest rates rise and the housing market cools.
- Rising shortages of skilled labor that could result in higher pay increases and ultimately overheat the economy. Also, capacity constrains on the labor force could limit growth potential.
How EverBank can help with your Danish krone needs?
WorldCurrencySM CDs (Single-currency CDs): Earn interest rates at local rates in the currency of your choice.
WorldCurrency Index CDs (Multi-currency CDs): Open a single CD comprised of multiple currencies, each designed to focus on a specific regional strength, and/or geopolitical and economic development. This currency is available in the following Index CD(s):
DollarBull® CDs: Open a single currency CD in reverse—you benefit if the U.S. dollar appreciates against a chosen currency.
WorldCurrency Access Deposit Account: Open a transactional money market account in the currency of your choice.
I'm interested in opening a WorldCurrency account, what is my next step?
Please note: Not all investments are right for all investors. You should conduct your own research and/or consult with an investment advisor before making any investment.
- Before opening a WorldCurrencySM account, we recommend reading the following pages:
- If you are ready to open your WorldCurrency account, apply online or call 800.926.4922 for more information.
- For your protection, we require that you sign and mail your application along with a deposit.
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- EverBank, the EverBank Infinity Sphere and the EverBank logo, along with WorldCurrency and DollarBull are proprietary service marks of EverBank. All rights reserved.
