Type of transactions
|FX SPOT||FX FORWARD|
|Delivery date : J+1; J+2||Maximum maturity: 12 months|
|Liquidity: Good||Liquidity: Good|
EUR/DKK parity: liquidity schedules
Did you know?
- The Denmark Nationalbank (DNB) is the central bank of the country: its function is to ensure non-inflationary growth of the kingdom's economy.
- Price setting method: The exchange rate is defined as fixed against the euro. The DNB must thus maintain the stability of the Danish krone vis-à-vis the single currency. To achieve this, it uses two levers at its disposal: monetary policy and targeted interventions on the foreign exchange market.
Particularités et faits marquants
- 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 euro area.
- The EUR / DKK exchange rate is set at 7,4600 and must remain within a fluctuation band of ± 2.25%.
There are no special restrictions on the purchase and sale of DKK.
Due to the stability of the DKK against the EUR, market participants tend to hedge little on their EUR / DKK foreign exchange transactions.
Payments in DKK to Denmark
The IBAN format is mandatory. Payment instructions must contain the full name of the beneficiary.
|Holidays 2018 (subject to modifications)|
|New Year’s Day||1 January||Ascension Day||10 May|
|Holy Thursday||29 March||Day After Ascension||11 May|
|Good Friday||30 March||Whitmonday||21 May|
|Easter Monday||2 April||Constitution Day||5 June|
|General Prayer Day||27 April||Christmas Day||25 December|