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    Currency in Greenland – Danish krone DKK

    A practical foreign exchange and currency guide to Greenland

    What currency is used in Greenland?

    The official currency of Greenland is the Danish krone, with symbol kr and currency code DKK.

    Things to know about the 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.

     

    What the Danish krone looks like?

     

     

     

    Danish krone – Markets & Rates

    1 USD = 7.0355 DKK
    Sell USD  →  Buy DKK
    USD to DKK at 7.0352 is 2.4% above its 90-day average 6.867 with range 6.5684-7.1679.
    |
      1 DKK = 0.1421 USD
     
    1-DAY-0.9%2d
    14-DAYLOW2d

    DateUSD/DKKChangePeriod
    06 May 2022
    7.0534
    0.2% 2 Week
    19 Feb 2022
    6.5706
    7.2% 3 Month
    20 May 2021
    6.0827
    15.8% 1 Year
    21 May 2017
    6.6438
    6% 5 Year
    22 May 2012
    5.8319
    20.7% 10 Year
    25 May 2002
    8.0956
    13% 20 Year
    USD/DKK change over periods to 20-May-2022

     

    Compare Danish krone Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Danish krone.

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    The Danish krone is also the domestic currency in 2 other countries.

     

    Denmark

     

     

    Faroe Islands

     

     

     

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