The lowdown on the Danish Krone
The Danish Krone is accepted in the following countries:
- Faroe Islands
Some merchants in larger cities of Denmark such as Copenhagen may accept payments in euros but are not legally obligated to do so.
Economical Influences and the Danish Krone
If you are considering converting AUD to DKK, it’s good to get a snapshot on how the economy influences the Danish exchange rate.
The Danish krone uses the European Exchange Rate Mechanism System (ERM 2) framework for its currency, and has had a fixed-exchange-rate policy since the early 80’s. This means that the Danish krone is fixed to the euro exchange rate with only minor fluctuations. As a result, the Danish krone is not just influenced by the Danish economy directly but also by the wider European market. Each 100 euro is pegged at between 746.068 and 729.252 kroner with a fluctuation band of around 2.25 percent each way. The krone managed to successfully navigate through the exchange rate crises in the 1990’s partly due to the fixed exchange rate policy it had put in place.1
Danish Krone Historical Exchange Rate
The highest AUD to DKK exchange rate in 2018 to date was 1 AUD to 4.8675 Danish Krone on the 5th of June. The lowest rate was 1 AUD to 4.6160 Danish Krone on the 28th March 2018. In the last decade the AUD peaked against the krone on the 3rd August 2012 when 1 Australian dollar would have gotten you around 6.3 krone.2
Exchange rates last updated Friday, 15 February 2019 9:23:15 AM AEDT. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online buy rate will be used for conversions from a foreign currency to the local currency. The Travelex online sell rate will be used for conversions from the local currency to a foreign currency.
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: Last month
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 3 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 6 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 12 months
How to see Travelex historical rates
If you would like to see Travelex historical rates, please select one of the currencies
1. Dansmark National Bank - http://www.nationalbanken.dk/en/monetarypolicy/fixed_exchange_rate_and_ERM2/Pages/Default.aspx
2. XE – https://www.xe.com/currencycharts/?from=AUD&to=DKK&view=10Y. Information relevant as of 20th August 2018.
*The information contained in this article has been compiled by Travelex from different external sources. The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip. Travelex does not ensure the accuracy and completeness of the information shown. Nothing in this article is to be considered financial advice. Travelex Limited does not accept any liability for any loss or damage derived from any reliance on the information in this article. Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.