1. Exchange Rates
  2. Danish krone (DKK)
  3. United States dollar (USD)

Convert DKK to USD 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 USD rate, these are :

  1. The DKK/USD 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
United States dollar 1=


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

When you look up the current Danish krone to United States 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 USD 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 USD 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 USD mid-rate calculator

kr
$
1 DKK equals
USD 1DKK=USD


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

United States dollar - market update

Chief among FX themes in 2017 was the dramatic weakness of the US dollar. The US Dollar Index’s fall in the last session of the year to 92.3 locked in an annual decline of 9.7% – the index’s worst performance since 2003. And worse is yet to come for the dollar in 2018, according to analysts.

President of Everbank, Chris Gaffney, said in December that he expected “more headwinds” for the US currency despite market expectations for at least two hikes in US interest rates in 2018.

Also in December, a Societe Generale analyst said: “With global growth becoming more balanced…the dollar looks expensive.”

TD Securities said that the macro landscape “should favour a steady depreciation of the dollar in 2018.”

With dollar weakness on the horizon, the most liquid of all dollar FX pairs, EUR/USD, is set to rise to 1.25 in the coming year, thinks UBS, from a Dec ’17 rate of 1.2.

ING sees EUR/USD even higher, at 1.3.

The dollar “will do best of all against the Japanese yen,” said UBS in December.

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