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Danish crown exchange rate
Are you interested in the current exchange rates and the price of the Danish crown? Stay up to date at all times! Below we present the current quotes of the Danish crown in our online exchange.
Danish crown exchange rate - chart
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Exchange rate Danish crown in the charts is presented for indicative purposes, based on approximate data and is not of a transactional nature, i.e. it is not part of the website's offer or a proposal to make a transaction.
Danish currency
According to the ISO 4217 standard, the Danish crown is marked with the DKK code. In Denmark, the abbreviation "kr" and the names "krone" and plural "kroner" are also commonly used. The name of the Danish currency obviously refers to the crown, a symbol of royal power.
Danish crown today
The Danish crown is officially used in Denmark, the Faroe Islands and Greenland. The latter have their own currency (the Faroese króna) used alongside the Danish crown.
1 Danish crown is divided into 100 øre. 50 øre and 1, 2, 5, 10 and 20 crown coins are in circulation. Danish crowns have an original appearance – 1 DKK, 2 DKK and 5 DKK have holes to facilitate identification of the denomination for the blind. The coins are decorated with Scandinavian motifs, as well as the crown of Christian V (50 øre) and the image of Queen Margrethe II (DKK 10 and DKK 20). Danish banknotes come in the following denominations: DKK 50, DKK 100, DKK 200, DKK 500 and DKK 1000. The latest series, introduced in 2009, presents Danish architecture and monuments, including the Little Belt Bridge (DKK 100) or the famous Trundholm sun chariot (DKK 1,000).
Due to the connection of DKK with the European currency, it is logical to assume that it is possible to pay in euros in Denmark. The assumption is correct, but due to the fact that the Danish crown can be exchanged for PLN quite easily, it does not matter much for tourists from Poland. If one does not have the European currency in their wallet, it will be more convenient to convert PLN to DKK and pay in DKK in Denmark – the local currency will save us problems related to, for example, getting change.
Currency DKK – how was today's krona created?
Denmark's first currency with a crown in its name appeared in 1584. When Denmark (the currency as well as the entire economy) was weakened by the Napoleonic Wars, the riksbankdaler was introduced into circulation, and the krona reappeared after the forming of the Scandinavian Monetary Union. After its dissolution, today's Danish crown was created. During World War II, the Danish crown was pegged to the German mark, and after the war, to the British pound. Joining the Bretton Woods system resulted in the Danish crown being pegged to the dollar, and its breakup made the Danish currency lose its stability once again.
In the 1990s, the Danes decided that although they would not adopt the euro, they would join the ERM II exchange rate mechanism. This means a relatively fixed exchange rate – the Danish crown, thanks to the deliberate actions of the Danish central bank, deviates from the European currency by a maximum of 2.25%. The exchange rate of the Danish crown is thus maintained at a stable level.
For Poles, the fact that the DKK exchange rate is pegged to the euro means that the DKK PLN pair does not fluctuate much. The exchange rate of the Danish crown at a given moment is of great importance to us, mainly due to trade contacts, but DKK to PLN and vice versa are also exchanged by tourists and immigrants. How much is the Danish crown? DKK 1 is approximately PLN 0.60 and EUR 0.13.
Interesting facts about the Danish currency
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The decision to keep the Danish crown as the national currency was made in a referendum in 1993.
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In practice, the exchange rate fluctuations between the Danish crown and the euro are around 0.50%.
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The exchange rates of the Danish crown and the Faroese króna are exactly the same – they have a 1:1 exchange rate.
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