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    Greenland - Danish krone - Currency Guide

     

    Foreign exchange guide to Greenland and the Danish krone (DKK)

         

    USD/DKK Trend (90-day)

    USD to DKK at 6.4009 has risen 1.0% above its 90-day average, range 6.2566-6.4528.
    |
    1-DAY-0.5%
    14-DAYLOW
     

    The below interactive chart displays the USD/DKK trend and UP DOWN HIGH LOW alerts

     
    USD to DKK Currency Trend Chart

    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 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.

    US dollar to Danish krone - Historical Rates

    USD/DKK wasChangePeriod
    6.4144
    05 Oct 2021
    0.3% 2 Weeks
    6.3078
    21 Jul 2021
    1.4% 90 Days
    6.3237
    19 Oct 2020
    1.1% 1 Year
    6.8016
    20 Oct 2016
    6% 5 Years
    5.3779
    22 Oct 2011
    18.9% 10 Years
    8.3362
    24 Oct 2001
    23.3% 20 Years
    USD/DKK change over periods to 19-Oct-2021
     

    $10,000 USD
    =
    kr64,009 DKK

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

    USD to DKK - Quick Amounts

    Sell USD   →   Buy DKK
    USD DKK
    $ 1 kr 6.4009
    $ 5 kr 32.00
    $ 10 kr 64.01
    $ 20 kr 128.02
    $ 50 kr 320.05
    $ 100 kr 640.09
    $ 250 kr 1,600
    $ 500 kr 3,200
    $ 1,000 kr 6,401
    $ 2,000 kr 12,802
    $ 5,000 kr 32,005
    $ 10,000 kr 64,009
    $ 20,000 kr 128,018
    $ 50,000 kr 320,045
    $ 100,000 kr 640,090
    USD DKK
    $ 0.1562 kr 1
    $ 0.7810 kr 5
    $ 1.5620 kr 10
    $ 3.1240 kr 20
    $ 7.8100 kr 50
    $ 15.62 kr 100
    $ 39.05 kr 250
    $ 78.10 kr 500
    $ 156.20 kr 1,000
    $ 312.40 kr 2,000
    $ 781.00 kr 5,000
    $ 1,562 kr 10,000
    $ 3,124 kr 20,000
    $ 7,810 kr 50,000
    $ 15,620 kr 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Greenland?

    The domestic currency in Greenland 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 kr.

    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 Greenland

    Travel money for Greenland

    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.

     

    Send Money to Greenland - Best Rates

    To get a good (and fair) exchange rate when sending money to Greenland you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


    Get a better deal for foreign transfers to Greenland

    When sending money to Greenland 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 Greenland.

    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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