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DKK/TRY - Convert Compare Save

Danish Krone to Turkish Lira exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Danish Krone to Turkish Lira exchange rate, has news, forecasts and DKK to TRY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

DKK/TRY Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for DKK/TRY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 

DKK to TRY International Money Transfers

  

Foreign Transfer ProvidersReceive TRY(₺)Exchange RateFee DKKTotal CostDeal Links
OFX logo
8,396 TRY0.83960 for BER users (normally $15)1.2%
Danske Bank International Money Transfers
Danske Bank logo
8,118.99 TRY0.8201Dkr1004.46%
Jyske Bank International Money Transfers
Jyske Bank logo
8,093.25 TRY0.8175Dkr1004.76%
Nordea Bank International Money Transfers
Nordea Bank logo
8,076.42 TRY0.8158Dkr1004.96%
Banks - Average Rate
Citibank logo HSBC logo Danske Bank logo Nordea Bank logo Jyske Bank logo
8,050 TRY0.8103155.27%
HSBC logo
8,015.96 TRY0.8028Dkr155.67%
Citibank International Money Transfers
Citibank logo
7,945.45 TRY0.7955126.5%
 
OFX: Foreign Transfer DKK→TRY
DKK amount:10,000 DKK
Fee:0 for BER users (normally $15)
Exchange Rate:0.8396 (1.2% from mid-rate)
TRY amount:8,396 TRY
Total Cost:1.2%
Time:
Rate Fetched: 1:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Danske Bank logoDanske Bank

Danske Bank: Foreign Transfer DKK→TRY
DKK amount:10,000 DKK
Fee:Dkr100 DKK (1%)
Exchange Rate:0.8201 (3.49% from mid-rate)
TRY amount:8,118.99 TRY
Total Cost:4.46%
Difference:
277 TRY less than using OFX
Time:1:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Jyske Bank logoJyske Bank

Jyske Bank: Foreign Transfer DKK→TRY
DKK amount:10,000 DKK
Fee:Dkr100 DKK (1%)
Exchange Rate:0.8175 (3.8% from mid-rate)
TRY amount:8,093.25 TRY
Total Cost:4.76%
Difference:
303 TRY less than using OFX
Time:1:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Nordea Bank logoNordea Bank

Nordea Bank: Foreign Transfer DKK→TRY
DKK amount:10,000 DKK
Fee:Dkr100 DKK (1%)
Exchange Rate:0.8158 (4% from mid-rate)
TRY amount:8,076.42 TRY
Total Cost:4.96%
Difference:
320 TRY less than using OFX
Time:1:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer DKK→TRY
DKK amount:10,000 DKK
Fee:15
Exchange Rate:0.8119 (4.46% from mid-rate)
TRY amount:8,050 TRY
Total Cost:5.27%
Difference:
346 TRY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer DKK→TRY
DKK amount:10,000 DKK
Fee:Dkr15 DKK (.15%)
Exchange Rate:0.8028 (5.53% from mid-rate)
TRY amount:8,015.96 TRY
Total Cost:5.67%
Difference:
380 TRY less than using OFX
Time:1:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer DKK→TRY
DKK amount:10,000 DKK
Fee:12
Exchange Rate:0.7955 (6.39% from mid-rate)
TRY amount:7,945.45 TRY
Total Cost:6.5%
Difference:
451 TRY less than using OFX
Time:1:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 07/20/2019 - See full table

DKK to TRY interbank exchange rate = 0.8498

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on DKK/TRY exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

DKK and TRY in the Markets

When determining the best time to make a foreign exchange transaction, in this case the DKK vs TRY, you should pay attention to the recent market trends for both currencies.

 

Danish Krone (DKK)

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.

Also in May, Lloyds’ revised forecasts implied GBP/DKK rates near kr8.8 at year-end, though that could be much lower if Theresa May is replaced as UK PM by a hardline Brexiteer.

 

Turkish Lira (TRY)

In the second half of April, the lira slipped to its weakest level in 6 months against the dollar, at ₺5.83. It was 11.5 percent lower than its strongest level from January, but was 21.5 percent higher than its 2018 low (2018 was a crisis year for the lira).

In April, Turkey described a reform package aimed at lifting the economy out of recession. The package included billions injected into banks, reduced tax exemptions, lower corporate tax rates and a crackdown on the shadow economy; however, ratings agencies did not see many positives in the plans due to inadequate details.

TradingEconomics.com sees the lira quoted 5 percent weaker against the dollar in April 2020, at ₺6.14.

Why can't I just get the DKK/TRY market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the DKK / TRY was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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

We help you Compare & Save Money on Exchange Rates.

 

View all DKK Exchange Rates