The reverse is the case if the krone is on the strong side of the central parity. All this takes place within a narrow range around the central parity. 4.
Conclusion  It is clear from the preceding sections that ERM II is not very visible in the day-to-day management of the Danish fixed-exchange-rate policy.Danmarks Nationalbank seeks to stabilise the krone within a much narrower range than the +/- 2.25 per cent fluctuation band. The ERM II band serves as a safety net. It provides international support in a worst-case scenario.