Danish Krone

DKK

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Währungs-Referenzzentrum

Available Currency Pairs

EURDKK

Ansehen EUR

USDDKK

Ansehen USD

GBPDKK

Ansehen GBP

CHFDKK

Ansehen CHF

AEDDKK

Ansehen AED

AUDDKK

Ansehen AUD

CADDKK

Ansehen CAD

DKKCZK

Ansehen CZK

DKKHKD

Ansehen HKD

DKKHUF

Ansehen HUF

DKKJPY

Ansehen JPY

DKKMXN

Ansehen MXN

DKKTHB

Ansehen THB

DKKZAR

Ansehen ZAR

ILSDKK

Ansehen ILS

NOKDKK

Ansehen NOK

NZDDKK

Ansehen NZD

PLNDKK

Ansehen PLN

RONDKK

Ansehen RON

SEKDKK

Ansehen SEK

SGDDKK

Ansehen SGD

Transaction Types

FX SPOT
Delivery date: T+1; T+2
Liquidity: High
FX FORWARD
Maximum maturity: 24 months
Liquidity: High

Did You Know?

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Monetary policy

  • The Denmark Nationalbank (DNB) is the central bank of Denmark. Its objective is to ensure non-inflationary growth of the country’s economy.
  • Price setting method: the exchange rate is defined as fixed against the Euro. The DNB must therefore maintain the stability of the Danish krone in relation to the single currency. To achieve this, it uses two levers at its disposal: monetary policy and targeted interventions in the foreign exchange market.
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Features and highlights

  • Although Denmark has not adopted the Euro, it is a member of the European System of Central Banks (ESCB) and uses the same payment practices as in the EU.
  • The EUR/DKK exchange rate is set at 7,46038 and must remain within a fluctuation band of ± 2.25%. This means the rate should remain between 7.2925 and 7.6282
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Expert opinion

  • Due to the stability of the DKK against the EUR, market participants tend to hedge little on their EUR/DKK foreign exchange transactions.
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Regulations

There are no special restrictions on the purchase and sale of DKK.

Important Information

PAYMENTS IN DKK TO DENMARK

The IBAN format is mandatory. Payment instructions must contain:

  • The full name of the beneficiary.

Keep In Mind

PUBLIC HOLIDAYS

New Year's Day 1 Jan
Good Friday 30 Mär
General Prayer Day 27 Apr
Day After Ascension 11 Mai
Constitution Day 5 Jun
Holy Thursday 29 Mär
Easter Monday 2 Apr
Ascension Day 10 Mai
Whitmonday 21 Mai
Christmas 25 Dez

When a holiday falls on a weekend, the next business day becomes a holiday

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Currency Reference Guide

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Reference guide

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