What's in this US Dollar to Danish Krone guide?
Quick Conversions from US Dollar to Danish Krone
|U$ 1||Dkr 6.8819|
|U$ 5||Dkr 34.41|
|U$ 10||Dkr 68.82|
|U$ 20||Dkr 137.64|
|U$ 50||Dkr 344.10|
|U$ 100||Dkr 688.19|
|U$ 250||Dkr 1,720|
|U$ 500||Dkr 3,441|
|U$ 1,000||Dkr 6,882|
|U$ 2,000||Dkr 13,764|
|U$ 5,000||Dkr 34,410|
|U$ 10,000||Dkr 68,819|
|U$ 50,000||Dkr 344,095|
|U$ 100,000||Dkr 688,190|
To calculate your own USD/DKK amounts use our Convert USD 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 (USD & DKK)
|United States (USD)||Denmark (DKK)||Faroe Islands (DKK)|
|Greenland (DKK)||East Timor (USD)||Ecuador (USD)|
|El Salvador (USD)||British Virgin Islands (USD)||US Virgin Islands (USD)|
|Caribbean Netherlands (USD)||Turks and Caicos Islands (USD)||Zimbabwe (USD)|
USD and DKK in the Markets
When determining the best time to make a foreign exchange transaction, in this case the USD vs DKK, you should pay attention to the recent market trends for both currencies.
US Dollar (USD)
Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.
The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.
At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.
Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.
Read more in the article USD 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 USD 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.
What is a good USD to DKK exchange rate?
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the USD to DKK exchange rate to the present day for periods going back upto 10 years.
When is the best time to exchange USD 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.
We help you Save Money on Exchange Rates.
View all USD Exchange Rates