Convert DKK to USD 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/USD 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.
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 / USD rate :
- Market DKK to USD mid-rate - the starting point.
- 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.
- Up-to-date Currency News, Research and Forecasts for Danish krone and U.S. dollar.
1. Market DKK/USD mid-rate
Right now the DKK/USD market rate is and represents how many U.S. dollar you can get for one Danish krone.
The DKK/USD 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 / USD was traded (bought or sold) in the international markets.
You can calculate with the current mid-rate using our DKK to USD 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/USD 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/USD market rate I see on Google or in the Media?
When you look up the current Danish krone to U.S. 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 USD 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 USD 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 U.S. 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 USD, you should pay attention to both Danish krone and U.S. 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.
U.S. dollar (USD) - Market news and forecasts
Against a basket of currencies, the U.S. dollar held steady in February and March – a welcome change considering the currency’s 15% fall in the preceding 13 months. However, any boost the greenback might receive from higher U.S. interest rates (the Fed hiked again in March) is likely to be offset by the longer-term consequences of U.S. trade tariffs, thinks a growing number of FX analysts. The latest round of tariffs include those on steel and aluminium imports and on $60 billion worth of Chinese goods, all aimed at boosting U.S. manufacturers.
The question of whether China in particular would take retaliatory steps on trade was a hot topic approaching the end of March. Analysts at Bank of America Merrill Lynch, BK Asset Management and Lloyds all said that the dollar would weaken on any escalation of trade tensions. In March, Lloyds reduced its dollar-euro year-end forecast to 0.8 (EUR/USD 1.25), from 0.82.
With trade on everyone’s lips and with traders uninspired by U.S. economic prospects, it is not surprising that the dollar’s trajectory has decoupled in 2018 from that of U.S. interest rate expectations. Despite yields climbing steadily this year, the dollar has sunk.
“It’s easy to see the weak-dollar story persisting,” said ING in February. The bank has forecast dollar-euro at just 0.77 at year-end (EUR/USD 1.3).