3 Furthermore, there are no indications that the euro area member states are trading less with countries in the rest of the world. However, due to the relatively short time span since the introduction of the euro such empirical studies should always be interpreted with caution.
In theory one should expect the introduction of the euro has also had a positive effect on the Danish export sector. The unification of 12 currencies into a single currency has reduced the exchange-rate uncertainty and other costs faced by the Danish exporters.