Currency Rate
Danish Krone to USD
Our Currency Rate DKK latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the DKK. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
DKK 0.145058
Selling rate
DKK0.160336
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The Danish krone (symbol: kr; code: DKK) is the official currency of Denmark and Greenland.
Currency Details
- Country code DK
- Symbol DKK
- ISO Code DKK
- Subunits 1 Krone = 100 Øre
Coins
- 50 øre
- 1 krone
- 2 kroner
- 5 kroner
- 10 kroner
- 20 kroner
Banknotes
- 50 kroner
- 100 kroner
- 200 kroner
- 500 kroner
- 1000 kroner
The Danish Krone, commonly abbreviated as DKK, is the official currency of Denmark, Greenland, and the Faroe Islands. Known locally as the "krone," the DKK is symbolized as "kr" or "DKK." Introduced in 1875, the Danish krone replaced the Danish rigsdaler at par, marking Denmark's adoption of a decimal currency system.
History and Background
The Danish Krone was introduced on January 1, 1875, as part of the Scandinavian Monetary Union, which included Denmark, Sweden, and Norway. The union dissolved in 1914, but Denmark continued to use the krone as its official currency.
Economic Significance
The DKK is central to Denmark's economy, facilitating trade, investment, and economic stability. Denmark has a diverse economy, with key sectors including manufacturing, shipping, renewable energy, pharmaceuticals, and services. The Danish krone's value is influenced by various factors, including economic policies, international trade relations, and global market conditions.
Usage and Exchange
The DKK is widely accepted across Denmark, Greenland, and the Faroe Islands for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Danish kroner is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the regions. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Danish Krone is more than just a currency; it is a symbol of Denmark's economic stability, cultural heritage, and national identity. Understanding the DKK is essential for anyone engaging with Denmark's dynamic economy, whether you are a resident or a visitor. The krone's stability and accessibility play a crucial role in the country's economic resilience and growth.
History and Background
The Danish Krone was introduced on January 1, 1875, as part of the Scandinavian Monetary Union, which included Denmark, Sweden, and Norway. The union dissolved in 1914, but Denmark continued to use the krone as its official currency.
Economic Significance
The DKK is central to Denmark's economy, facilitating trade, investment, and economic stability. Denmark has a diverse economy, with key sectors including manufacturing, shipping, renewable energy, pharmaceuticals, and services. The Danish krone's value is influenced by various factors, including economic policies, international trade relations, and global market conditions.
Usage and Exchange
The DKK is widely accepted across Denmark, Greenland, and the Faroe Islands for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Danish kroner is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the regions. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Danish Krone is more than just a currency; it is a symbol of Denmark's economic stability, cultural heritage, and national identity. Understanding the DKK is essential for anyone engaging with Denmark's dynamic economy, whether you are a resident or a visitor. The krone's stability and accessibility play a crucial role in the country's economic resilience and growth.