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The DKK has been pegged to the euro since '99. The rate has changed by 0.03 over the last 15 years.
by tokai 4y ago
The DKK has been pegged to the euro since '99. The rate has changed by 0.03 over the last 15 years.
- jacquesm 4y agoYes. But Denmark could have easily joined in all those years, they chose not to and that's their right. But for countries struggling to keep parity with the Euro today being in the Euro would have immediate advantage (Poland, Bulgaria, Romania, and to a lesser extent Hungary and Czechia). Denmark negotiated an exception and the fact that in 22 years it hasn't made any difference in terms of valuation means that they simply missed out on some international commerce.
- tokai 4y agoAll that is besides the point. The issue was if a peg can be indefinitely - and it can.
- _Tev 4y ago> But for countries struggling to keep parity with the Euro today being in the Euro would have immediate advantage (... Czechia) ČNB actually intentionally weakened CZK in 2013 and for several years after. And in the long term CZK appreciates against EUR rather than the opposite. "struggling to keep parity" is just not true.