
Danish Krone
DKK
- Convertible: Yes
- Transferable: Yes
- Exchange rate regime: Floating
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 SGDTransaction Types
FX SPOT
Delivery date: T+1; T+2
Liquidity: High
FX FORWARD
Maximum maturity: 24 months
Liquidity: High
Did You Know?
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.
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
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.
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
Useful Links
Currency Reference Guide
Get the full currency reference guide, updated by the iBanFirst currency market experts
Reference guide