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    Scotiabank CAD to DKK Exchange Rates

    Compare & Save on Scotiabank Canadian dollar to Danish krone FX rates - Check CAD/DKK Trends and Forecasts.

     
    1 CAD =
    5.4449We compare provider deals to this wholesale mid-market rate. Read more
    DKK
    CAD to DKK at 5.4449 is just 0.6% above its 90-day average 5.4143 with range 5.1929-5.5490.
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    Sell CAD   →   Buy DKK
    Track Rate

    1-DAY+0.5%2d
    30-DAYLOW3d
     

    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.


    Before Russia invaded Ukraine the CAD was being supported by expectations of domestic interest rate hikes – and the oil price was a key driver of CAD strength at the start of the year.

    Since the start of the Russia/Ukrainian war the risk on-off market are pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar (1 USD = 1.27 CAD).

     CAD Outlook

    DateCAD/DKKChangePeriod
    13 May 2022
    5.5384
    1.6% 2 Week
    26 Feb 2022
    5.1929
    4.9% 3 Month
    27 May 2021
    5.0525
    7.8% 1 Year
    28 May 2017
    4.9503
    10% 5 Year
    29 May 2012
    5.8017
    6.1% 10 Year
    01 Jun 2002
    5.1729
    5.3% 20 Year
    CAD/DKK change over periods to 27-May-2022

    Scotiabank - CAD to DKK - Compare & Save

    The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

     

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    Wire Transfer Send/Receive Fees

    Send money internationally as a direct deposit to your family or friends using your mobile app or online banking
    $1.99*/transfer on select accounts
    Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies) Free
    Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable) $1.50
    Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies) $4.50
    (optional Advice $5.00)
    Transferring a Scotiabank account balance to another financial institution $20.00
    Incoming Wire Transfer fees  
    Incoming Wire Transfer identified as a Pension Payment in the payment message $1.50 per transfer*
    All other Incoming Wire Transfers $15.00 CAD/USD per transfer*

    * All fees are charged in the currency of the account.

    Scotiabank FX Rates based on publicly available information available here.

       

    Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest CAD to DKK Exchange Rate (shown above) or a transaction fee and often both!

     

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    Click below for the Request Quotes form and enter your transfer details (BER account required).

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    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

       

    Country Guides - Danish krone

     
    DenmarkDenmark (DKK)Faroe IslandsFaroe Islands (DKK)GreenlandGreenland (DKK)
     

    How to get a good CAD to DKK Exchange Rate

    There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

    Reduce Excessive costs and fees

    Generally speaking, if you are buying Danish krone with Canadian dollar, then it's good for the CAD/DKK exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

    The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

    Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

    You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Denmark.

     

    Will the Canadian dollar rise against the Danish krone?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add CAD/DKK to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

     
    Track Rate
     

    Manage My Rates

     

    Rather than requiring you to set a target rate, our FX Alerts work differently.

    Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.