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Foreign Exchange Guide to Denmark

Read this currency guide to Denmark with money transfer and travel tips.   [USD/DKK=6.6452]

 
Denmark
Country Code:
DK
Domestic Currency:
Danish Krone
Symbol - Code:
kr DKK
Telephone Prefix:
+45

This is a foreign exchange guide to Denmark, the Danish Krone currency plus DKK transfers and travel tips.


In this Denmark currency guide we take a look at :

  1. Danish Krone info - general info about the Danish Krone
  2. Danish Krone in the markets - recent DKK moves and predictions from the FX markets
  3. Travelling in Denmark - currency & money saving tips
  4. Buying Danish Krone cash online - travel money for Denmark
  5. Sending money to Denmark - save on Danish Krone bank transfers to Denmark
  6. Danish Krone exchange rates - latest & historic exchange rates.

Danish Krone (DKK) general currency information


What is the Danish Krone currency code and symbol?

The three letter currency code for the Danish Krone is DKK and the symbol is kr.


Which countries use the Danish Krone?

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

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.


Danish Krone (DKK) in the markets

13-February-19: 2018 was a mixed year for the Danish krone. A 4.5 percent loss versus the US dollar was offset by a near-6 percent gain versus the Australian dollar and small gains against other majors.

Since November, the krone has traded along a channel between kr6.5 and kr6.65 per USD, showing remarkable stability. It was, however, quoted within the weakest third of this range at kr6.61 at the time of writing; the krone was down 1.5 percent year-to-date.

At the time of writing, the krone was 2.5 percent weaker on the year against the pound, at kr8.45. Most price action since September has been between kr8.23 and kr8.63.

Like the euro against which it is pegged, the krone is understandably under pressure in early 2019 ahead of Brexit and from increasing Europe-wide recession risks — Italy slid into recession in February and Germany barely escaped one in the October-December period.

The main krone-supporting factor this year would be an interest rate hike by the ECB, although this is up in the air considering the aforementioned risks. Any ECB hike would be followed by action from Denmark’s Nationalbank so that the krone-euro peg could be maintained.

Forecasts: Implied USD/DKK forecasts from BMO Capital Markets are for a rate of kr6.71 by the end of April. Experts at Natwest predicted GBP/DKK at kr8.78 in mid-year.

The interactive chart below shows the USD to DKK exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-DKK 3 Month chart
USD-DKK 3 Month chart
USDDKK currency converter

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.

Copenhagen, the capital of Denmark.

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%.

Denmark is known for its fairytale like landscapes.

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.

The waterways of Copenhagen.

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.

Denmark in summer is popular with beach goers due to its extensive coastline.

 

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.

   

Denmark Trip Checklist    

 
  1. Compare DKK travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Denmark
  3. Lonely Planet - world's best travel guide (coupon and deals)

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 foreign-transfer exchange 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 here).


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 our Send to DKK 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!

   

Bank Transfers to Denmark

Compare Transfer Rates

 

DKK/USD - Danish Krone to United States Dollar - 10 Year History

DateExchange RatePeriod
07 Apr 20190.15031 Week
15 Mar 20190.15181 Month
16 Oct 20180.15526 Months
14 Apr 20180.16561 Year
14 Apr 20170.14272 Years
15 Apr 20140.18515 Years
16 Apr 20090.177110 Years

DKK/EUR - Danish Krone to Euro - 10 Year History

DateExchange RatePeriod
07 Apr 20190.13391 Week
15 Mar 20190.13391 Month
16 Oct 20180.13406 Months
14 Apr 20180.13421 Year
14 Apr 20170.13442 Years
15 Apr 20140.13405 Years
16 Apr 20090.134410 Years

DKK/GBP - Danish Krone to British Pound Sterling - 10 Year History

DateExchange RatePeriod
07 Apr 20190.11521 Week
15 Mar 20190.11401 Month
16 Oct 20180.11776 Months
14 Apr 20180.11621 Year
14 Apr 20170.11402 Years
15 Apr 20140.11065 Years
16 Apr 20090.118810 Years

DKK/JPY - Danish Krone to Japanese Yen - 10 Year History

DateExchange RatePeriod
07 Apr 201916.78651 Week
15 Mar 201916.90931 Month
16 Oct 201817.43206 Months
14 Apr 201817.77351 Year
14 Apr 201715.49182 Years
15 Apr 201418.84475 Years
16 Apr 200917.562810 Years

DKK/AUD - Danish Krone to Australian Dollar - 10 Year History

DateExchange RatePeriod
07 Apr 20190.21161 Week
15 Mar 20190.21401 Month
16 Oct 20180.21746 Months
14 Apr 20180.21321 Year
14 Apr 20170.18822 Years
15 Apr 20140.19785 Years
16 Apr 20090.246110 Years

DKK/CAD - Danish Krone to Canadian Dollar - 10 Year History

DateExchange RatePeriod
07 Apr 20190.20101 Week
15 Mar 20190.20251 Month
16 Oct 20180.20076 Months
14 Apr 20180.20891 Year
14 Apr 20170.19012 Years
15 Apr 20140.20325 Years
16 Apr 20090.213710 Years

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