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DKK/USD - Convert Compare Save

Danish Krone to United States Dollar 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 United States Dollar exchange rate, has news, forecasts and DKK to USD 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/USD 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/USD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 

DKK to USD International Money Transfers

  

Foreign Transfer ProvidersReceive USD($)Exchange RateFee DKKTotal CostDeal Links
OFX logo
1,469 USD0.14690 for BER users (normally $15)1.21%
Danske Bank International Money Transfers
Danske Bank logo
1,420.65 USD0.1435Dkr1004.46%
Jyske Bank International Money Transfers
Jyske Bank logo
1,415.7 USD0.143Dkr1004.79%
Nordea Bank International Money Transfers
Nordea Bank logo
1,413.72 USD0.1428Dkr1004.93%
Banks - Average Rate
Citibank logo HSBC logo Danske Bank logo Nordea Bank logo Jyske Bank logo
1,409 USD0.1418155.27%
HSBC logo
1,402.89 USD0.1405Dkr155.66%
Citibank International Money Transfers
Citibank logo
1,390.33 USD0.1392126.5%
 
OFX: Foreign Transfer DKK→USD
DKK amount:10,000 DKK
Fee:0 for BER users (normally $15)
Exchange Rate:0.1469 (1.21% from mid-rate)
USD amount:1,469 USD
Total Cost:1.21%
Time:
Rate Fetched: 1:00 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→USD
DKK amount:10,000 DKK
Fee:Dkr100 DKK (1%)
Exchange Rate:0.1435 (3.5% from mid-rate)
USD amount:1,420.65 USD
Total Cost:4.46%
Difference:
48 USD less than using OFX
Time:1:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Jyske Bank logoJyske Bank

Jyske Bank: Foreign Transfer DKK→USD
DKK amount:10,000 DKK
Fee:Dkr100 DKK (1%)
Exchange Rate:0.1430 (3.83% from mid-rate)
USD amount:1,415.7 USD
Total Cost:4.79%
Difference:
53 USD less than using OFX
Time:1:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Nordea Bank logoNordea Bank

Nordea Bank: Foreign Transfer DKK→USD
DKK amount:10,000 DKK
Fee:Dkr100 DKK (1%)
Exchange Rate:0.1428 (3.97% from mid-rate)
USD amount:1,413.72 USD
Total Cost:4.93%
Difference:
55 USD less than using OFX
Time:1:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer DKK→USD
DKK amount:10,000 DKK
Fee:15
Exchange Rate:0.1421 (4.44% from mid-rate)
USD amount:1,409 USD
Total Cost:5.27%
Difference:
60 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer DKK→USD
DKK amount:10,000 DKK
Fee:Dkr15 DKK (.15%)
Exchange Rate:0.1405 (5.51% from mid-rate)
USD amount:1,402.89 USD
Total Cost:5.66%
Difference:
66 USD less than using OFX
Time:1:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer DKK→USD
DKK amount:10,000 DKK
Fee:12
Exchange Rate:0.1392 (6.39% from mid-rate)
USD amount:1,390.33 USD
Total Cost:6.5%
Difference:
79 USD less than using OFX
Time:1:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/17/2019 - See full table

DKK to USD interbank exchange rate = 0.1487

 
 

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/USD exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

DKK and USD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the DKK vs USD, 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.

 

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD Forecasts.

Why can't I just get the DKK/USD 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 / USD 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