1. Exchange Rates
  2. Danish krone (DKK)
  3. Canadian dollar (CAD)

Convert DKK to CAD at Best Exchange Rates


There are three amounts that you need to understand if you are to have any chance of getting the best possible DKK to CAD rate, these are :

  1. The DKK/CAD foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 Danish krone equals
Canadian dollar 1=


Right now the DKK/CAD market rate is and represents how many Canadian dollar you can get for one Danish krone. You can calculate with the current mid-rate using our DKK to CAD calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same DKK/CAD market rate I see on Google or in the Media?

When you look up the current Danish krone to Canadian dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

Getting a great DKK to CAD mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below DKK to CAD calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Danish krone cross rates and reviews of leading foreign exchange providers versus the Banks.

DKK to CAD mid-rate calculator

kr
$
1 DKK equals
CAD 1DKK=CAD


Compare rates for: Currency Exchange or Foreign Transfers
Loading DKK/CAD Chart

Danish krone - market update

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.

Canadian dollar - market update

Of the many drivers of the Canadian dollar in 2017, chief among them were the hawkishness of the Bank of Canada, oil prices and the uncertainty surrounding NAFTA negotiations with the US and Mexico.

The Canadian dollar ended the year on a high, reaching ten-week highs of 79.9 US cents and 90.04 yen on the final trading day of the year. Like other “petro-currencies,” the Canadian dollar piggybacked off an impressive year-end rally in oil and other commodities. In their last session of the year, oil futures broke $60 per barrel for the first time since mid-2015. The “loonie” is positively correlated with oil due to Canada’s status as the world’s fourth largest oil exporter.

For 2018, ABN Amro are forecasting a slightly lower CAD/USD rate of 0.7813. The bank sees CAD/EUR rising to 0.6793 (2017 year-end rate: 0.6625).

With two rate hikes under its belt since July, the Bank of Canada is one of only two major central banks (together with the US Federal Reserve) to have entered a policy tightening cycle. ABN Amro expects the BoC to hike twice more in 2018.

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