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MYR to DKK - Rate Guide

Malaysian Ringgit 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/Card transactions as shown below.

 

1 MYR = 1.6629 DKK

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MYR to DKK - Trading Range (90 Day)
ALERT: 14-DAY HIGHS 🔔 |
MYR/DKK at 1.6638 is trading 1.6% above the 90-day average 1.6368 with a range 1.606 to 1.6682. ALERT: MYR/DKK has risen to 14-DAY HIGHS.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to Danish Krone

MYR

DKK

RM 1
Dkr 1.6629
RM 5
Dkr 8.3145
RM 10
Dkr 16.63
RM 20
Dkr 33.26
RM 50
Dkr 83.15
RM 100
Dkr 166.29
RM 250
Dkr 415.73
RM 500
Dkr 831.45
RM 1,000
Dkr 1,663
RM 2,000
Dkr 3,326
RM 5,000
Dkr 8,315
RM 10,000
Dkr 16,629
RM 50,000
Dkr 83,145
RM 100,000
Dkr 166,290
More amounts

MYR

DKK

RM 0.6014
Dkr 1
RM 3.0070
Dkr 5
RM 6.0140
Dkr 10
RM 12.03
Dkr 20
RM 30.07
Dkr 50
RM 60.14
Dkr 100
RM 150.35
Dkr 250
RM 300.70
Dkr 500
RM 601.40
Dkr 1,000
RM 1,203
Dkr 2,000
RM 3,007
Dkr 5,000
RM 6,014
Dkr 10,000
RM 30,070
Dkr 50,000
RM 60,140
Dkr 100,000
More amounts

To calculate specific MYR/DKK amounts use our Convert MYR to DKK quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

Country Guides (MYR & DKK)

DenmarkDenmark (DKK)Faroe IslandsFaroe Islands (DKK)GreenlandGreenland (DKK)
MalaysiaMalaysia (MYR)

MYR and DKK in the Markets

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

Malaysian Ringgit (MYR)

Malaysia was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it added to negative sentiment, which then spurred a rise in USD/MYR to a 6-month high (MYR low) of RM4.2.

Among factors contributing to the ringgit’s weakness over the past year has been political uncertainty relating to Malaysia’s ruling Pakatan Harapan coalition, late-2018’s crash in oil prices, global trade tensions and higher US interest rates.

Read more in the article MYR 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.


How to get Best MYR to DKK Exchange Rates

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).

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.

When is the best time to exchange MYR to DKK?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

It is also a good idea to be aware of the change in the historic MYR/DKK exchange rate over longer periods.

MYR/DKK - Historical Rates

PeriodMYR/DKKDate
1 Day1.653110 Feb 2020
7 Day1.646004 Feb 2020
30 Day1.649112 Jan 2020
3 Month1.634113 Nov 2019
1 Year1.623511 Feb 2019
5 Year1.818712 Feb 2015
10 Year1.598413 Feb 2010

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