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  1. Exchange Rates
  2. Danish krone (DKK)
  3. New Zealand dollar (NZD)

Convert DKK to NZD 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/NZD 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 NZD mid-rate calculator

kr
$
1 DKK equals
NZD 1DKK=NZD


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Danish krone to New Zealand 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 / NZD rate :

  1. Market DKK to NZD 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 New Zealand dollar.

1. Market DKK/NZD mid-rate

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

The DKK/NZD 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 / NZD was traded (bought or sold) in the international markets.

1 Danish krone equals
New Zealand dollar 1=

You can calculate with the current mid-rate using our DKK to NZD 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/NZD 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/NZD market rate I see on Google or in the Media?

When you look up the current Danish krone to New Zealand 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 NZD 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 NZD 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 New Zealand 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 NZD, you should pay attention to both Danish krone and New Zealand 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.

New Zealand dollar (NZD) - Market news and forecasts

The New Zealand dollar gained handsomely against the Australian dollar between October and mid-April, strengthening by 7% to fetch 0.95 AUD, although the kiwi remains within the central portion of its 2014-2018 trading range against AUD.

Against the US dollar, the New Zealand dollar had rallied at the time of this report to 0.738 and continues to climb steadily towards the highs of its current cycle, roughly between 0.745 and 0.755.

In April, analysts at Saxo Bank questioned whether NZD had the legs to threaten cycle highs given likely unfavourable changes to the NZ-US interest rate differential. US benchmark interest rates have already risen to match New Zealand’s and are expected to overtake them this year. While further US hikes are expected in 2018, no rate hike in New Zealand is expected until mid-2019. Accounting and consulting firm PwC described the NZ-US differential in April as a “massive change in market conditions” that offered a “disincentive to invest in the New Zealand dollar.”

Other threats to the New Zealand dollar include the potential for a US-China trade war, which would threaten global trade and consequently weigh on growth-sensitive currencies like NZD. The kiwi got a boost in the second week of April after Chinese Premier Xi Jinping declined from speaking harshly on Washington’s trade policies at the Boao Forum (“Asia’s Davos”).