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  1. Exchange Rates
  2. Danish krone (DKK)
  3. Canadian dollar (CAD)

Convert DKK to CAD at Best Exchange Rates

Use this two-way calculator and chart to calculate amounts in either Danish krone or 1000 using the real-time DKK/CAD market mid-rate. Then choose your transaction type Foreign Transfer Travel Money to see the available exchange rates and reviews for our leading foreign exchange providers.

DKK to CAD mid-rate calculator

kr
$
1 DKK equals
CAD 1DKK=CAD


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Danish krone to Canadian dollar - historic rates


There are three important types of information that you need to know if you are to have any chance of getting the best possible DKK / CAD rate :

  1. Market DKK to CAD mid-rate - the starting point.
  2. Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Up-to-date Currency News, Research and Forecasts for Danish krone and Canadian dollar.

1. Market DKK/CAD mid-rate

Right now the DKK/CAD market rate is and represents how many Canadian dollar you can get for one Danish krone.

The DKK/CAD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the DKK / CAD was traded (bought or sold) in the international markets.

1 Danish krone equals
Canadian dollar 1=

You can calculate with the current mid-rate using our DKK to CAD calculator below but note the rate will most likely be quite different by the time you make you currency exchange.


2. Transaction Costs - Margins and Fees for DKK/CAD Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.


Getting a good market rate is mainly about timing however 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 comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same DKK/CAD market rate I see on Google or in the Media?

When you look up the current Danish krone to Canadian dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

Getting a great DKK to CAD mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below DKK to CAD calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Danish krone cross rates and reviews of leading foreign exchange providers versus the Banks.


3. Currency News, Research and Forecasts for Danish krone and Canadian dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.

So it follows that if you are determining the best time to transact, in this case the DKK vs CAD, you should pay attention to both Danish krone and Canadian dollar news and forecasts.

Danish krone (DKK) - Market news and forecasts

Being pegged to the euro, the Danish krone shares the same general trading patterns and outlook as does the single currency.

Like the euro, the krone had been one of the world's best performing currencies in 2017, rising to long-term highs, and it was broadly stable in early 2018.

In early 2018, USD/DKK was repeatedly pushed back from support at 5.93 as a result of EUR/USD simultaneously failing to rally through 1.25.

In February, Exante Data founder Jens Nordvig said that rallies in USD/DKK should be used as shorting opportunities (he expected further krone appreciation), although Nordvig declined from giving precise downside targets.

Against sterling, between October '17 and February '18, the krone did little. A GBP/DKK rate of 8.43 in late February was more or less identical to that in late September, five months earlier.

For 2018, based on forecasts for EUR/GBP, we can say that Danske Bank have predicted GBP/DKK at 8.65 at year-end, while UBS sees 7.83.

Canadian dollar (CAD) - Market news and forecasts

The Canadian dollar was the worst performing G10 currency in the first quarter of 2018.

Against the US dollar, CAD fell to buy 77.5 US cents (USD/CAD 1.29), but this was in line with average rates over the preceding twelve months.

Against the euro, CAD fell to an 8-year low but recovered somewhat before March was out to buy 63 euro cents (EUR/CAD 1.587).

For CAD, little respite is likely in the months ahead according to TD Securities, which described the currency in March as “really expensive.” A senior analyst at the firm explained that CAD was the “most exposed [major currency] from a global macro level and also from the local level of trade risk.”

Trade remains a dominant theme affecting CAD. Washington stepped up its protectionist measures in the first quarter with tariffs on steel and aluminium products (Canada is the number one exporter of such products to the US) and $60 billion worth of Chinese goods. Being a global growth-sensitive currency, CAD will suffer should international trade tensions escalate, not to mention the ramifications for ongoing NAFTA negotiations between Canada, the US and Mexico. The market consensus remains for an 8-10% drop in CAD's valuation should NAFTA negotiations fail.