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. It may be wise to convert your Australian Dollar to the Danish Krone beforehand to avoid any disappointment.
Denmark Exchange Rate Economical Influences
If you are considering converting AUD to DKK, it is good to get a snapshot on how the economy of the country you are planning to visit may influences the Danish exchange rate.
The Danish Krone uses European Exchange Rate Mechanism System (ERM 2) for its currency. This signifies that the Danish Krone is fixed to the Euro exchange rate with little leeway in fluctuation. As a result, the Danish Krone is not just influenced by the Danish economy directly but also the wider European market,
Each 100 euros is pegged at 746.068 kroner with a fluctuation band of 2.25 percent each way. The Danish Kroner Exchange Rate is determined by the supply and demand for Kroner relative to the Euro. It is the Danish central bank’s responsibility to make sure that the Danish Krone stays with the fluctuation band range.
Danish Krone Historical Exchange Rate
The highest AUD to DKK exchange rate in 2018 was 1 AUD for 4.8675 Danish Krone on the 5th of June 2018. The lowest rate was 1 AUD for 4.6160 Danish Krone on the 28th March 2018. This exchange rate tends to fluctuate between these two ranges in 2018 with little stability.
Exchange rates last updated Wednesday, 22 August 2018 10:11:31 AM AEST. 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.
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