Denmark foreign exchange reserves

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Denmark foreign exchange reserves: 650000 (1.31%)
Last Update: October 31, 2024

Denmark foreign exchange reserves closed down 650000 as of October 31, 2024 from 641600 from the previous month and 607556 from last year.


Denmark foreign exchange reserves Analytics & Data




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Denmark foreign exchange reserves

Date Values
2024-10-31 650000
2024-09-30 641600
2024-08-31 638700
2024-07-31 639976
2024-06-30 638828
2024-05-31 637446
2024-04-30 637335
2024-03-31 636763
2024-02-29 636724
2024-01-31 630242
2023-12-31 612736
2023-11-30 616877
2023-10-31 607556
2023-09-30 605754
2023-08-31 606374
2023-07-31 602799
2023-06-30 604790
2023-05-31 603348
2023-04-30 602955
2023-04-28 603000
2023-03-31 599210
2023-02-28 600014
2023-01-31 594595
2022-12-31 587429

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Denmark foreign exchange reserves Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
foreign exchange reserves dk.fxreserves 650000.0 641600 1 7 UP UP 56 2024-10-31

Denmark foreign exchange reserves Quantitative Analysis, Charts & Factors

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Denmark foreign exchange reserves Historical Data

The MacroVar database offers free access to historical data for the Denmark foreign exchange reserves, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Denmark foreign exchange reserves data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Denmark foreign exchange reserves

Denmark's foreign exchange reserves refer to the amount of foreign currency and other assets held by the country's central bank, the Danmarks Nationalbank, to facilitate international trade and stabilize the domestic currency. These reserves play a crucial role in ensuring the stability of the Danish krone and protecting the economy from external shocks. By maintaining a sufficient level of foreign exchange reserves, Denmark can respond to fluctuations in exchange rates, support its currency in times of crisis, and meet its international payment obligations. Additionally, these reserves provide a sense of confidence to investors and market participants, signaling the country's ability to manage its economic affairs effectively. Overall, Denmark's foreign exchange reserves are an essential tool in safeguarding the country's financial stability and ensuring its continued economic prosperity.

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