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Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk.
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Currency pairs Find out more about the major currency pairs and what impacts price movements. Commodities Our guide explores the most traded commodities worldwide and how to start trading them.
Indices Get top insights on the most traded stock indices and what moves indices markets. Cryptocurrencies Find out more about top cryptocurrencies to trade and how to get started. P: R: Consumer Confidence MAR. The exchange rates published on Danmarks Nationalbank's website are the prices in Danish kroner for units of the foreign currency. The European Central Bank ECB conducts a daily concertation procedure at , at which time 32 exchange rates are agreed among a number of central banks.
The reference rates are based on actual exchange rates in the interbank market and are set at the mid-price of the sell and buy side at the time of the concertation. At the time when the concertation begins and the reference rates are to be determined, ECB will obtain the price for euro in a number of currencies, including Danish kroner, from the interbank market via correspondent banks and electronic trading platforms.
ECB then determines the most accurate reference rate and during the concertation these rates with any adjustments are finally agreed among ECB and the participating central banks.
Read more about the euro foreign exchange reference rate on ECB's website. Based on the determined reference rate between euro and Danish kroner, Danmarks Nationalbank calculates a price in Danish kroner for the remaining 31 currencies. ECB publishes the reference rates determined at the concertation at and shortly after Danmarks Nationalbank publishes the prices in Danish kroner. The exchange rates on Danmarks Nationalbank's website are indicative rates that are not intended to be used in any market transaction.
The rates are intended for information purposes only.