Denmark vs Faroe Islands: DEC alternative conversion factor
DEC alternative conversion factor over time
- Denmark
- Faroe Islands
How they compare
Faroe Islands currently reports 6.89 LCU per US$ against 6.62 LCU per US$ in Denmark, a difference of 0.27 LCU per US$.
The two have swapped places 24 times across 60 shared years of data; in 1965 it was Faroe Islands ahead.
Denmark ranks 118th and Faroe Islands ranks 116th of 214 countries.
Across the 7 decades both report, Denmark averaged higher in 3 and Faroe Islands in 1.
Head to head by decade
| Decade | Denmark | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 7.15 LCU per US$ | 7.15 LCU per US$ | 0 LCU per US$ | — |
| 1970s | 6.26 LCU per US$ | 6.26 LCU per US$ | 0.0009 LCU per US$ | Denmark |
| 1980s | 8.02 LCU per US$ | 8.02 LCU per US$ | 0 LCU per US$ | Faroe Islands |
| 1990s | 6.31 LCU per US$ | 6.31 LCU per US$ | 0 LCU per US$ | Denmark |
| 2000s | 6.47 LCU per US$ | 6.47 LCU per US$ | 0 LCU per US$ | Denmark |
| 2010s | 6.11 LCU per US$ | 6.11 LCU per US$ | 0 LCU per US$ | — |
| 2020s | 6.74 LCU per US$ | 6.74 LCU per US$ | 0 LCU per US$ | — |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher dec alternative conversion factor, Denmark or Faroe Islands?
- Faroe Islands, at 6.89 LCU per US$ against 6.62 LCU per US$ in Denmark as of 2024.
- What is the difference in dec alternative conversion factor between Denmark and Faroe Islands?
- 0.27 LCU per US$, with Faroe Islands ahead.
- How many years of comparable data are there for Denmark and Faroe Islands?
- 60 years are reported by both, from 1965 to 2024.
- How do Denmark and Faroe Islands rank globally for dec alternative conversion factor?
- Denmark ranks 118th and Faroe Islands ranks 116th of 214 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as DEC alternative conversion factor (LCU per US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The DEC alternative conversion factor is the underlying annual exchange rate (the price of one country’s currency in relation to another country's currency) used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics. Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.