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Foreign Exchange Guide to Greenland

Read this currency guide to Greenland with money transfer and travel tips.   [USD/DKK=6.637]

 
Greenland
Country Code:
GL
Domestic Currency:
Danish Krone
Symbol - Code:
kr DKK
Telephone Prefix:
+299

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


In this Greenland 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 Greenland - currency & money saving tips
  4. Buying Danish Krone cash online - travel money for Greenland
  5. Sending money to Greenland - save on Danish Krone bank transfers to Greenland
  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

Against the dollar, the Danish krone remains weak. At kr6.635 per USD on April-22, the krone is only 2.4 percent away from making a 22-month low.

Being pegged to the euro, krone weakness has been driven partly by Brexit uncertainties and has followed recent dovishness from the ECB: with the eurozone economy struggling, the ECB has said it will push back its first interest rate rise in 7 ½ years to 2020 at the earliest.

Forecasts: Based on ING’s March forecasts for the euro, the krone is likely to continue to depreciate against USD over the coming months. ANZ has also said that the krone will weaken, most likely to kr6.9 by mid-year. Danske Bank EUR/USD forecasts imply a USD/DKK rate between kr6.45 and kr6.65 at year-end.

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 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.

   

Greenland Trip Checklist    

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

Sending money to Greenland

When searching around for information on how to get a good exchange rate when sending money to Greenland 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 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 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 Greenland

Compare Transfer Rates

 

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

DateExchange RatePeriod
14 Apr 20190.15141 Week
22 Mar 20190.15141 Month
23 Oct 20180.15386 Months
21 Apr 20180.16501 Year
21 Apr 20170.14422 Years
22 Apr 20140.18495 Years
23 Apr 20090.175310 Years

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

DateExchange RatePeriod
14 Apr 20190.13401 Week
22 Mar 20190.13391 Month
23 Oct 20180.13406 Months
21 Apr 20180.13411 Year
21 Apr 20170.13452 Years
22 Apr 20140.13395 Years
23 Apr 20090.134010 Years

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

DateExchange RatePeriod
14 Apr 20190.11571 Week
22 Mar 20190.11461 Month
23 Oct 20180.11856 Months
21 Apr 20180.11781 Year
21 Apr 20170.11262 Years
22 Apr 20140.10995 Years
23 Apr 20090.119910 Years

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

DateExchange RatePeriod
14 Apr 201916.96601 Week
22 Mar 201916.64651 Month
23 Oct 201817.29056 Months
21 Apr 201817.76471 Year
21 Apr 201715.73502 Years
22 Apr 201418.97475 Years
23 Apr 200917.186010 Years

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

DateExchange RatePeriod
14 Apr 20190.21121 Week
22 Mar 20190.21381 Month
23 Oct 20180.21686 Months
21 Apr 20180.21501 Year
21 Apr 20170.19122 Years
22 Apr 20140.19755 Years
23 Apr 20090.246010 Years

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

DateExchange RatePeriod
14 Apr 20190.20191 Week
22 Mar 20190.20331 Month
23 Oct 20180.20136 Months
21 Apr 20180.21071 Year
21 Apr 20170.19472 Years
22 Apr 20140.20395 Years
23 Apr 20090.215510 Years

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