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Foreign Exchange Guide to Greenland

Country Code:
GL
Domestic Currency:
Danish Krone
Currency Code:
kr DKK
Telephone Prefix:
+299

In this guide we review :

  1. Buying Danish Krone Cash Online - Travel money for Greenland
  2. Danish Krone (DKK) - Currency Market News
  3. Sending Money to Greenland - Save on Danish Krone bank transfers
  4. Danish Krone Exchange Rates - Latest info & charts.

Travel Money for Greenland - Buying Danish Krone (DKK)

Save money and time by Ordering your Danish Krone Online from Travelex, you get better rates and can pick up the DKK cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Danish Krone otherwise you may get much worst exchange rates.


Greenland Trip Checklist   

  1. Compare DKK Travel Cash Rates - probably why you are here!
  2. Hotel Deals - Save on your accomodation in Greenland
  3. Travel Insurance - for those unexpected travel adventures...
  4. Lonely Planet - Travel Guide 3 for 2 offer

Danish Krone (DKK) - Currency Market News

The Danish krone is pegged to the euro (see General Info, above) and as such it shares the same general trading patterns and outlook as does the single currency.

Approaching the end of October, the dollar was buying 6.4 krone – the krone’s weakest level in three months. The dollar had fetched only 6.15 krone in September.

The krone weakened in late October along with the euro following the ECB’s announcement that it would proceed cautiously with the normalization of monetary policy – specifically, that there would be no “sudden end” to the bank’s quantitative easing program and a zero percent interest rate would be preserved “well past” QE’s eventual termination date.

In September, Dutch bank ABN Amro predicted EUR/USD would rise to 1.3 by the end of 2018. Given the krone’s peg to the euro, this suggests a move in the USD/DKK rate to the low 5.7s. As reasons for the euro’s (krone’s) climb, ABN cited “strong conviction” on future US dollar weakness and less stimulative ECB policy.

Medium term forecasts from Credit Agricole and Bank of America Merrill Lynch in October placed EUR/CHF between 1.18 and 1.20, and are suggestive of strength in the krone to levels between 6.2 and 6.3 per franc, from October’s rate of 6.403.


Sending Money to Greenland

When sending money to Greenland it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :

  1. Open an account with a provider (id docs may be required)
  2. You specify the local or Danish Krone amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted DKK amount will be transfered to the recipient account you specify in Greenland.

You can save around 5% and maybe more - end result is more Danish Krone deposited into the recipient bank account in Greenland and less margins and fees kept by the banks!

Compare Transfer Exchange Rates to Greenland


Danish Krone - Latest Rate Info

Popular Danish Krone Cross Rates
View Full List (A-Z)
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