Danish Krone

DKK

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Currency Reference Centre

Available Currency Pairs

EURDKK

View EUR

USDDKK

View USD

GBPDKK

View GBP

CHFDKK

View CHF

AEDDKK

View AED

AUDDKK

View AUD

CADDKK

View CAD

DKKCNY

View CNH/CNY

DKKCZK

View CZK

DKKHKD

View HKD

DKKHUF

View HUF

DKKJPY

View JPY

DKKMXN

View MXN

DKKTHB

View THB

DKKZAR

View ZAR

ILSDKK

View ILS

NOKDKK

View NOK

NZDDKK

View NZD

PLNDKK

View PLN

RONDKK

View RON

SEKDKK

View SEK

SGDDKK

View 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 Mar
General Prayer Day 27 Apr
Day After Ascension 11 May
Constitution Day 5 Jun
Holy Thursday 29 Mar
Easter Monday 2 Apr
Ascension Day 10 May
Whitmonday 21 May
Christmas 25 Dec

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