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DKK/ZAR - Convert Compare Save

Danish Krone to South African Rand 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 South African Rand exchange rate, has news, forecasts and DKK to ZAR 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/ZAR 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/ZAR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive ZAR(R)Exchange RateFee DKKTotal CostDeal Links
OFX logo
20,694 ZAR2.06940 for BER users (normally $15)1.2%
Danske Bank International Money Transfers
Danske Bank logo
20,010 ZAR2.0212Dkr1004.46%
Jyske Bank International Money Transfers
Jyske Bank logo
19,948 ZAR2.0149Dkr1004.76%
Nordea Bank International Money Transfers
Nordea Bank logo
19,906 ZAR2.0107Dkr1004.96%
Banks - Average Rate
Citibank logo HSBC logo Danske Bank logo Nordea Bank logo Jyske Bank logo
19,841 ZAR1.9972155.27%
HSBC logo
19,757 ZAR1.9787Dkr155.67%
Citibank International Money Transfers
Citibank logo
19,582 ZAR1.9606126.51%
 
OFX: Foreign Transfer DKK→ZAR
DKK amount:10,000 DKK
Fee:0 for BER users (normally $15)
Exchange Rate:2.0694 (1.2% from mid-rate)
ZAR amount:20,694 ZAR
Total Cost:1.2%
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→ZAR
DKK amount:10,000 DKK
Fee:Dkr100 DKK (1%)
Exchange Rate:2.0212 (3.5% from mid-rate)
ZAR amount:20,010 ZAR
Total Cost:4.46%
Difference:
684 ZAR 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→ZAR
DKK amount:10,000 DKK
Fee:Dkr100 DKK (1%)
Exchange Rate:2.0149 (3.8% from mid-rate)
ZAR amount:19,948 ZAR
Total Cost:4.76%
Difference:
746 ZAR 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→ZAR
DKK amount:10,000 DKK
Fee:Dkr100 DKK (1%)
Exchange Rate:2.0107 (4% from mid-rate)
ZAR amount:19,906 ZAR
Total Cost:4.96%
Difference:
788 ZAR 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→ZAR
DKK amount:10,000 DKK
Fee:15
Exchange Rate:2.0010 (4.46% from mid-rate)
ZAR amount:19,841 ZAR
Total Cost:5.27%
Difference:
853 ZAR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer DKK→ZAR
DKK amount:10,000 DKK
Fee:Dkr15 DKK (.15%)
Exchange Rate:1.9787 (5.53% from mid-rate)
ZAR amount:19,757 ZAR
Total Cost:5.67%
Difference:
937 ZAR 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→ZAR
DKK amount:10,000 DKK
Fee:12
Exchange Rate:1.9606 (6.39% from mid-rate)
ZAR amount:19,582 ZAR
Total Cost:6.51%
Difference:
1,112 ZAR less than using OFX
Time:1:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 07/20/2019 - See full table

DKK to ZAR interbank exchange rate = 2.0945

 
 

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/ZAR exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

DKK and ZAR in the Markets

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

 

South African Rand (ZAR)

2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar and lost 10 percent against the euro.

Stability returned in the first 5 months of 2019, with no change against the dollar and a 2 percent gain versus the euro.

Talk in May was all about the election, which was again won by the ANC party, led by Cyril Ramaphosa. This spurred a relief rally in the rand, but a serious fall in support for the ANC since 2014 suggests Ramaphosa will struggle implementing much-needed economic reforms.

With the election out of the way, analysts at Deutsche Bank are expecting the rand to weaken throughout the rest of the year.

"We think [rand] optimism will prove short-lived as the market quickly refocuses on deteriorating fundamentals," Deutsche said.

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