Hence, taking exchange risk is very much part and parcel of the game of our economic operators. Since the revolutionary idea that risk can be managed – which literally transformed the world – man is no longer left to the whims of the gods.
Danmarks Nationalbank's aim is to ensure that the krone's rate against the euro is stabilised close to the central rate within ERM II, and the exchange rate is the sole basis for our monetary-policy deliberations. Among market players there is a degree of uncertainty concerning the exact size of the decimals that Danmarks Nationalbank considers to be acceptable fluctuation.