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GBP to DKK - Rate Guide

British Pound Sterling to Danish Krone 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.

 

GBP/DKK update & alerts

1 GBP = 8.885 DKK

Sell GBP - Buy DKK  Invert

GBP to DKK - Trading Range (90 Day)
ALERT: 90-DAY HIGHS 🔔 |
GBP/DKK 90-DAY TREND: At 8.881 GBP to DKK is trading 3.5% above the average 8.5805 with a range 8.2833 to 8.881. ALERT: GBP/DKK has risen to 90-DAY HIGHS.
09 Dec, 2019 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

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GBP/DKK Exchange Rates and Providers Compared

This guide to the British Pound Sterling to Danish Krone exchange rate with 90-day chart & alerts, historic rates, forecasts and GBP to DKK comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our GBP/DKK Quick Calculator.

GBP and DKK in the Markets

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

British Pound Sterling (GBP)

Sterling has climbed more than 9 per cent against the US dollar and even more against other currencies (since early October) during the election campaigning and since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities.

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Earlier in the year the pound was the worst-performing major currency by some margin. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

For GBP forecasts and predictions read our British Pound Forecasts summary.

Read more in the article GBP Forecasts.

 

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.

Why can't I just get the GBP/DKK 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 GBP / DKK 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 GBP Exchange Rates