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SGD to DKK - Rate Guide

Singapore Dollar 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 SGD = 4.9616 DKK

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SGD to DKK - Trading Range (90 Day)
90-DAY LOW (7d)
SGD/DKK at 4.9547 is trading near the 90-day average 4.9638 with a range 4.908 to 5.0148. There are no current rate alerts.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Singapore Dollar to Danish Krone

SGD

DKK

S$ 1
Dkr 4.9616
S$ 5
Dkr 24.81
S$ 10
Dkr 49.62
S$ 20
Dkr 99.23
S$ 50
Dkr 248.08
S$ 100
Dkr 496.16
S$ 250
Dkr 1,240
S$ 500
Dkr 2,481
S$ 1,000
Dkr 4,962
S$ 2,000
Dkr 9,923
S$ 5,000
Dkr 24,808
S$ 10,000
Dkr 49,616
S$ 50,000
Dkr 248,080
S$ 100,000
Dkr 496,160
More amounts

SGD

DKK

S$ 0.2015
Dkr 1
S$ 1.0075
Dkr 5
S$ 2.0150
Dkr 10
S$ 4.0300
Dkr 20
S$ 10.08
Dkr 50
S$ 20.15
Dkr 100
S$ 50.38
Dkr 250
S$ 100.75
Dkr 500
S$ 201.50
Dkr 1,000
S$ 403.00
Dkr 2,000
S$ 1,008
Dkr 5,000
S$ 2,015
Dkr 10,000
S$ 10,075
Dkr 50,000
S$ 20,150
Dkr 100,000
More amounts

To calculate specific SGD/DKK amounts use our Convert SGD 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 (SGD & DKK)

DenmarkDenmark (DKK)Faroe IslandsFaroe Islands (DKK)GreenlandGreenland (DKK)
SingaporeSingapore (SGD)

SGD and DKK in the Markets

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

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD 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 SGD 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 SGD 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 SGD/DKK exchange rate over longer periods.

SGD/DKK - Historical Rates

PeriodChange*SGD/DKKDate
1 Day-0.1%4.957013 Feb 2020
7 Day+0.8%4.912307 Feb 2020
30 Day-0.5%4.978115 Jan 2020
3 Month-0.4%4.970116 Nov 2019
1 Year+1.8%4.864214 Feb 2019
5 Year+2.7%4.821315 Feb 2015
10 Year+28.1%3.863916 Feb 2010

*For period to 14-Feb 21UTC when SGD/DKK was 4.9510

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