Available Currency Pairs
Did You Know?
- 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
- Due to the stability of the DKK against the EUR, market participants tend to hedge little on their EUR/DKK foreign exchange transactions.
There are no special restrictions on the purchase and sale of DKK.
The IBAN format is mandatory. Payment instructions must contain:
- The full name of the beneficiary.
Keep In Mind
When a holiday falls on a weekend, the next business day becomes a holiday