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Denmark - Danish Krone - Currency Guide

 

Foreign exchange guide to Denmark and the Danish Krone (DKK)

     

NZD/DKK 90-day view

NZD/DKK at 4.2492 is a little above its 90-DAY average, range 4.1021 - 4.3361 .
đź”” NZD/DKK is at 30-DAY HIGHS.
|
Alert:30-DAY HIGHS |
 
Recent NZD to DKK 90-day trend

General Currency Info - Danish Krone

The Danish krone contributes to a little less than 1% of foreign exchange market volume. It is the world’s twentieth most traded currency. The krone is subdivided into 100 øre.

Denmark is one of more than twenty nations and territories which currently pegs its currency to the euro. Denmark is the largest nation to do this.

Denmark is a member of the European Union but like the UK and Sweden, among other countries, it opted out of adopting the euro upon its introduction in 1999.

As part of the ERM II mechanism, the krone is restricted to moves of 2.25% above or below a fixed euro-krone exchange rate of 7.4604. In other words, the euro-krone rate can trade only between 7.2925 and 7.6282, and it is the role of Denmark’s central bank, Danmarks Nationalbanks, to ensure this happens.

Since 2004, the EUR/DKK rate has traded well within its allowed boundaries. Several times it ventured above 7.47, but no higher, and its most dramatic fall was only to 7.42.

Against the world's reserve currency, the US dollar, the krone was historically strongest in April 2008 when USD/DKK fell to just 4.66. The krone was at its weakest in February 1985 when USD/DKK reached 12.37.

   

DKK News, Forecasts and Trends

Against the US dollar, the Danish krone struck a 2-year low in May, at kr6.724 per USD, though that mostly reflected the greenback’s broad-based strength.

Like the euro to which it is pegged, against the pound, the krone experienced a record 14-day winning streak in May, and at the time of writing it remained near 4-month highs, at kr8.47.

In May, currency forecasts from Deutsche Bank implied more krone depreciation. The bank thinks USD/DKK could exceed kr6.8 over the summer, with key drivers being the US-China trade war, Brexit and Italian risks.

Also in May, Lloyds’ revised forecasts implied GBP/DKK rates near kr8.8 at year-end, though that could be much lower if Theresa May is replaced as UK PM by a hardline Brexiteer.

The above interactive chart shows the NZD to DKK exchange rate, trend and recent alerts for the last 90 days.

NZ Dollar to Danish Krone - Historical Rates

NZD/DKK rateChangePeriod
11 Sep 2020 : 4.18601.5% â–˛1 Week
19 Aug 2020 : 4.12463% â–˛30 Days
20 Jun 2020 : 4.27420.6% â–Ľ90 Days
19 Sep 2019 : 4.25510.2% â–Ľ1 Year
20 Sep 2015 : 4.22600.5% â–˛5 Years
21 Sep 2010 : 4.13752.6% â–˛10 Years

NZD/DKK 10 year historic rates & change to 18-Sep-2020 : 4.2468

 

NZ$10,000 NZD
=
Dkr42,492 DKK

Converted at NZD/DKK interbank rate, compare Send Money and Currency Exchange exchange rates.

NZ Dollar to Danish Krone - Quick Conversions

NZD DKK
NZ$ 1 Dkr 4.2492
NZ$ 5 Dkr 21.25
NZ$ 10 Dkr 42.49
NZ$ 20 Dkr 84.98
NZ$ 50 Dkr 212.46
NZ$ 100 Dkr 424.92
NZ$ 250 Dkr 1,062
NZ$ 500 Dkr 2,125
NZ$ 1,000 Dkr 4,249
NZ$ 2,000 Dkr 8,498
NZ$ 5,000 Dkr 21,246
NZ$ 10,000 Dkr 42,492
NZ$ 50,000 Dkr 212,460
NZ$ 100,000 Dkr 424,920
More amounts
NZD DKK
NZ$ 0.2353 Dkr 1
NZ$ 1.1765 Dkr 5
NZ$ 2.3530 Dkr 10
NZ$ 4.7060 Dkr 20
NZ$ 11.77 Dkr 50
NZ$ 23.53 Dkr 100
NZ$ 58.83 Dkr 250
NZ$ 117.65 Dkr 500
NZ$ 235.30 Dkr 1,000
NZ$ 470.60 Dkr 2,000
NZ$ 1,177 Dkr 5,000
NZ$ 2,353 Dkr 10,000
NZ$ 11,765 Dkr 50,000
NZ$ 23,530 Dkr 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Denmark?

The domestic currency in Denmark is the Danish Krone.

What is the Danish Krone currency code and symbol?

The three letter currency code for the Danish Krone is DKK — symbol is Dkr.

Which countries use the Danish Krone?

It is the domestic currency in    Denmark,   Faroe Islands and Greenland.

Is the Danish Krone a closed currency?

No, the Danish Krone is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Denmark

Denmark is a beautiful, clean, and fascinating country. Denmark has a long history dating back to the vikings, and the cities here are beautiful with their medieval charm. While Denmark's cities can be expensive  try to visit the countryside which is gorgeous and less pricey. Denmarks landscape is beautiful, it’s clean, eco-friendly, still has a medieval Viking charm to it, and the locals love to have a good time (Danes frequently stay out until dawn). So long as you don’t get in the wrong bike lane, they are very welcoming to tourists.

Denmark gets it right: old-fashioned charm embraces the most avowedly forward-looking design and social developments. The country wins a regular place on lists of both the most liveable and the happiest nations on earth. You won’t have to search hard to find much-prized hygge, a uniquely Danish trait that has a profound influence on the locals’ inestimable happiness. Hygge is social nirvana in Denmark: a sense of cosiness, camaraderie and contentment.

What currency to use in Denmark?

Although Denmark is a member of the European Union, the Danes rejected the euro as their form of currency. They continue to use the krone (crown), which breaks down into 100 øre. The plural is kroner. The international monetary designation for the Danish kroner is "DKK." ATMs are plentiful and credit cards are accepted in most places.

In Denmark, the most commonly accepted credit cards are MasterCard and Visa. Of secondary importance are American Express and Diners Club.

How to get around in Denmark?

Denmark’s small size and efficient train network mean that domestic air traffic is limited, usually to business travellers and people connecting from international flights through Copenhagen, from where there are frequent services to a few of the more distant corners of the country. Internal flights are usually of no more than 30 minutes' duration.

Train travel across Denmark (Jutland to Copenhagen) costs around 445 DKK. Buses start around 308 DDK. The closer you get to the travel date the higher the cost. The train from the airport to Copenhagen center is 40 DDK. Local trains and buses are around 30 DDK for a two-zone ticket. The Danish rail system offers cheap tickets via their online website called “Orange tickets.” They are only available online, and you have to print out the ticket before you board the train. These tickets though are a third of the cost of what you can buy at the railway station. Booking train and bus tickets a month in advance can save you up to 50%.

Long-distance buses run a distant second to trains. Still, some cross-country bus routes work out to about 25% cheaper than trains. Nearly every town in Denmark supports a network of local buses, which circulate around the town centre and also connect it with outlying areas. In smaller towns, the local bus terminal is often adjacent to the train station and/or long-distance bus terminal.

Denmark is the most cycle-friendly country in the EU and cyclists are well catered for with excellent cycling routes throughout the country. It’s easy to travel with a bike anywhere in Denmark, even when you’re not riding it, as bicycles can be taken on ferries and trains for a modest fee.

Denmark is an excellent destination for a driving holiday. Roads are high quality and usually well signposted. Except during rush hour, traffic is quite light, even in major cities. One thing to be aware of is the large number of cyclists – they often have the right of way. It is particularly important that you check cycle lanes before turning right.

Is the Euro accepted in Denmark?

Denmark does not currently use the euro as its currency and has no plans to replace the krona in the near future. This is the same situation in all the Scandinavian countries - Norway, Sweden and Iceland. You may find some shops that will accept the Euro but watch out for the EUR/DKK exchange rates they offer.

Travel tips for Denmark.

Many tourists only spend a few days in Copenhagen before high costs force them to move on. However, Copenhagen, the capital of Denmark, is beautiful, the architecture is amazing, there is a great nightlife, and the locals are friendly. It’s also the largest city in Denmark.

Eating out in Denmark is not cheap, and since Denmark is known more for its views than its cuisine, you won't miss much by cooking your own food. There are plenty of streets stalls selling sausages and hot dogs etc, that are more on the budget side. However, though the country more expensive than, the countryside (especially Jutland), with its rolling hills, lakes, and jagged coastline are worth extending your stay just a little longer. Like their Scandinavian counterparts, Danes love the outdoors. There are plenty of hiking trails all throughout the country, many of which are interconnected. Whether you want a short day hike from the city or something more challenging, Denmark has it all.

Roskilde was Denmark’s capital from 960 to 1536. This is an amazing city to view the country’s history, whether it be at the various churches, brick building lined streets, or the Viking-influenced museums.

 

Travel money for Denmark

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.

 

Sending money to Denmark

When searching around for information on how to get a good exchange rate when sending money to Denmark you need to start with finding out the latest Danish Krone exchange rate for foreign-transfers, which can be very different to the wholesale rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers to Denmark

When sending money to Denmark 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 4 simple steps :

  1. Open an account with a BER reviewed FX 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 Denmark.

Use the above Send to Danish Krone calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Danish Krone deposited into the recipient bank account and less margins and fees kept by the banks!


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