1. Exchange Rates
  2. Danish krone (DKK)
  3. New Zealand dollar (NZD)

Convert DKK to NZD 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 NZD rate, these are :

  1. The DKK/NZD 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
New Zealand dollar 1=


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

When you look up the current Danish krone to New Zealand 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 NZD 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 NZD 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 NZD mid-rate calculator

kr
$
1 DKK equals
NZD 1DKK=NZD


Compare rates for: Currency Exchange or Foreign Transfers
Loading DKK/NZD 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.

New Zealand dollar - market update

It was a game of two halves for the New Zealand dollar in 2017. The currency gained more than 9% against the US dollar by late July, climbing to rates above 0.755, but had given back 80% of those gains approaching year-end, at rates close to 0.705. The New Zealand dollar struggled in the second half of the year as central banks around the world became far more hawkish than the RBNZ. The result of October’s general election – a win for the Jacinda Ardern led Labour party – also weighed on the “kiwi” later in the year.

ABN Amro are, overall, predicting a relatively stable 2018 for NZD as the RBNZ moves slowly towards monetary tightening, although the Dutch bank’s analysts are expecting the currency to continue to underperform slightly against the currencies of important trading partners.

ABN sees NZD/USD falling in the coming year to 0.675. For NZD/AUD and NZD/EUR, ABN expects 2018 year-end rates of 0.9 and 0.587 respectively, from rates in December ’17 close to 0.91 and 0.595.

Best Exchange Rates - We make it Easy to Compare Exchange Rates & Fees of Banks and Currency Exchange & Payment Providers


Level 2, AMP Tower, 50 Bridge Street, Sydney, NSW 2000, Australia

Disclaimer | Copyright | Privacy Statement


DISCLAIMER

Best Exchange Rates is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking Best Exchange Rates to provide you with information about currency exchange products & services from multiple financial institutions.

We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product.

If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with Best Exchange Rates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.

Best Exchange Rates may receive fees or other benefits in relation to activity on the Best Exchange Rates website. Best Exchange Rates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.

Read our Full Terms of Service



COPYRIGHT

This website and its contents are the copyright of BEST EXCHANGE RATES PTY LTD © 2009-17. All rights reserved.

Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.

You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.

For more details or request distribution right please contacxt us here.