Danish Krone (DKK)
What the Danish Krone is, who issues it, and where it's used, with a live converter preset to DKK.
Danish Krone (DKK)
- ISO code
- DKK
- Symbol
- kr
- Subunit
- 100 øre
- Issued by
- Danmarks Nationalbank
- Exchange rate regime
- Pegged to the euro (ERM II, central rate 7.46038 DKK per EUR)
Denmark is an EU member but negotiated an opt-out from the euro, and voters rejected adopting it in 2000. Instead the krone is pegged to the euro through the EU's Exchange Rate Mechanism II, at a central rate of 7.46038 kroner per euro. In practice Danmarks Nationalbank keeps it within a much narrower range than the official band allows.
That peg means EUR/DKK barely moves, so the krone's value against the dollar, pound, or yen largely tracks the euro's. Denmark's central bank sets its interest rates mainly to defend the peg, sometimes moving in step with the European Central Bank for exactly that reason.
Where it's used
- Denmark
- Greenland
- Faroe Islands (which issue their own notes at par)
Convert DKK
| DKK | USD |
|---|---|
| 1 DKK | - |
| 5 DKK | - |
| 10 DKK | - |
| 25 DKK | - |
| 50 DKK | - |
| 100 DKK | - |
| 250 DKK | - |
| 500 DKK | - |
| 1,000 DKK | - |
| 5,000 DKK | - |
| 10,000 DKK | - |
| USD | DKK |
|---|---|
| 1 USD | - |
| 5 USD | - |
| 10 USD | - |
| 25 USD | - |
| 50 USD | - |
| 100 USD | - |
| 250 USD | - |
| 500 USD | - |
| 1,000 USD | - |
| 5,000 USD | - |
| 10,000 USD | - |
Calculated from the same live mid-market rate as the converter above. Your bank or card will usually quote a slightly worse rate plus any fees.