It is the main street where people arriving at the station enter the centre of the city.
Also, it is one of the two GVB tram routes from the station into the centre, with lines 4, 9, 16, and 25 running down it.
The street was located on a rak (reach), a straight part of the Amstel river near a dam; hence the name.
Because of the former stock exchange building, the monumental Beurs van Berlage,[2] and several other buildings related to financial activities erected there in the early 20th century, the term "Damrak" has come to be a synonym for the Amsterdam Stock Exchange in the same way "Wall Street" is synonymous with the New York Stock Exchange and NASDAQ.
[citation needed] The Beurs van Berlage now serves as a concert and exhibition hall.