1. Exchange Rates
  2. Danish krone (DKK)
  3. Euro (EUR)

Convert DKK to EUR 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 EUR rate, these are :

  1. The DKK/EUR 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
Euro 1=


Right now the DKK/EUR market rate is and represents how many Euro you can get for one Danish krone. You can calculate with the current mid-rate using our DKK to EUR 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/EUR market rate I see on Google or in the Media?

When you look up the current Danish krone to Euro 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 EUR 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 EUR 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 EUR mid-rate calculator

kr
1 DKK equals
EUR 1DKK=EUR


Compare rates for: Currency Exchange or Foreign Transfers
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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.

Euro - market update

The euro was the best performing major international currency in 2017 and it entered 2018 in equally good form. By mid-January, the euro was at three-year highs against the dollar above $1.22. It was stable against the British pound, at rates close to £0.89.

In early 2018, two pieces of bullish news fuelled widespread euro buying.

First, news that Angela Merkel’s CDU-CSU party bloc had achieved a breakthrough in coalition talks with the Social Democrats reduced political uncertainty in Europe’s largest economy.

Secondly, more hawkish-than-expected December meeting minutes from the ECB. At the meeting, policymakers discussed whether the bank would need to change its communication in 2018, which traders took to mean a potential upcoming signal for a further reduction in monthly asset purchases (akin to tighter monetary policy).

2018 Forecasts: European banks disagree on the outlook for the euro. While Danske Bank believes that a continuation of euro strength is likely – the bank sees EUR/USD at 1.25 at 2018 year-end – the team at ABN Amro believes the euro’s “resilience will be tested.” ABN predicts a EUR/USD rate of 1.15.

Danske sees EUR/GBP a little lower in 12 months’ time, at 0.86, from December ’17 rates near 0.887, but UBS forecast a much higher rate, at 0.95.

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