Countries that use the Danish Krone
The Danish Krone was established in 1875 as an official national currency and is used only in Greenland and in Denmark. 1 Krone is devided into 100 øre.
The Danish Krone is tied to the Euro
with a fixed exchange rate. Therefore, 1 Krone always equals to 0.1340 Euro.
1.00 Danish Kronen = 0.15 US Dollar
Exchange rate history 1 DKK in USD
Danish Krone as currency
Currencies with a fixed exchange rate to the Danish Krone
Currency reserves for the Danish Krone
According to the International Monetary Fund, the total broad money (M3) amounted to DKK 1,363.35 billion at the end of 2018 (data only for Denmark). For currency hedging, reserves were held in a total amount of 447.97 billion Krones. This corresponds to a ratio of 1:3.0. Or in other words: 1 of 3 Krones is deposited with a countervalue, which is internationally already above average.
Approximately 17.3 billion Krones (3.9%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.
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