Compare & Save on US dollar to Danish krone exchange rates. Latest US dollar to krone analysis and review of forecasts.
In this US dollar to krone (USD/DKK) rate guide:
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Danish krone (DKK) rates from different sources before making a conversion.
This exchange rate calculator makes it easy to compare the Total Cost you are being charged on US dollar to krone currency rates and the possible savings of using various providers.
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US dollar (USD) to Danish krone (DKK) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | USD/DKK | Change | Period |
|---|---|---|---|
12 May 2023 | 6.8629 | 1.2% ▲ | 2 Week |
25 Feb 2023 | 7.0589 | 1.6% ▼ | 3 Month |
26 May 2022 | 6.9315 | 0.2% ▲ | 1 Year |
27 May 2018 | 6.3729 | 9% ▲ | 5 Year |
28 May 2013 | 5.7865 | 20% ▲ | 10 Year |
31 May 2003 | 6.2788 | 10.6% ▲ | 20 Year |
Recent market analysis suggests that the US dollar may continue to strengthen against the Danish kroner (DKK) in the short-term due to a bearish mood and increasing Sino-American economic tensions, making the safe-haven currency more appealing. However, economists predict the strength of the USD to eventually reverse in 2023 as the Federal Reserve's interest rate hike cycle comes to an end.The Danish kroner is fixed to the euro, which provides Danish businesses and consumers with greater stability and predictability in their financial transactions and reduces the risks associated with currency fluctuations. However, this policy also limits the flexibility of Denmark's central bank to adjust interest rates or implement other monetary policies in response to changing economic conditions.
In the past three months, USD to DKK has remained in a stable 4.8% range of 6.7347 to 7.0589, with the current exchange rate at 60-day highs near 6.9469, 1.0% above its 3-month average of 6.8778. Further movements in the USD to DKK exchange rate will ultimately depend on how the US economy performs and the ongoing trade tensions between the US and China, among other geopolitical factors.
Read our full analysis of USD to DKK forecasts.
There are several ways to save on exchange rates when converting US dollar to Danish krone:
Generally speaking, if you are buying Danish krone with US dollar, then it's better for the USD/DKK exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/DKK to your personalised BER Smart Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.
Read our Currency guide to Denmark - a practical currency and money guide to travel, living and doing business in Denmark with the Danish krone.
 United States (USD) |  Denmark (DKK) |  Faroe Islands (DKK) |
 Greenland (DKK) |
For expats, Denmark is known for its high standard of living, excellent healthcare and education system, and strong economy. The country is also home to a diverse expat community, and major cities like Copenhagen and Aarhus offer a vibrant international community. However, the cost of living in Denmark can be relatively high, especially in major cities like Copenhagen. The weather in Denmark can be quite cold in the winter and quite cool in the summer with the occasional periods of rain throughout the year.
The language might be a barrier for some expats, as Danish is not widely spoken as a second language. However, in major cities like Copenhagen, most people do speak English fluently, and most official forms, documents and customer services are available in English.
Read more at our Denmark (DKK) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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