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.

ISO 4127:

DKK

Numeric:

208

Symbol:

kr

List of all currencies

1.00 Danish krones = 0.14 US dollars

↔ Reverse currencies

Exchange rate history 1 DKK in USD

The graph shown here shows the exchange rate development from January 2017 to June 2023. The exchange rate for 1 DKK moved during this time from USD 0.15 to USD 0.14. In these 77 months it fell by 4.6 percent.

Danish krone as currency

Country	Region
Greenland	North America
Denmark	Northern Europe

Currencies with a fixed exchange rate to the Danish krone

Currency	Rate
Faroese krona	1 DKK = 1 FOK

US dollar as currency

Country	Region
American Samoa	Polynesia
British Virgin Islands	Caribbean
Ecuador	South America
El Salvador	Central America
Guam	Micronesia
East Timor	Southeast Asia
Marshall Islands	Micronesia
Federated States of Micronesia	Micronesia
Palau	Micronesia
Northern Mariana Islands	Micronesia
Puerto Rico	Caribbean
Turks and Caicos Islands	Caribbean
United States of America	North America
Virgin Islands	Caribbean
British Indian Ocean Territory	Eastern Africa
Caribbean Netherlands	Caribbean
United States Minor Outlying Islands	Micronesia

Currency reserves for the Danish krone

According to the International Monetary Fund, the total broad money (M3) amounted to DKK 1.568 trillion at the end of 2021 (data only for Denmark). For currency hedging, reserves were held in a total amount of 517.03 billion krones. This corresponds to a ratio of 1:3.0. Or in other words, 10 of 30 krones are deposited with a countervalue, which is internationally already above average.

Approximately 20.87 billion krones (4.0%) 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.

› Worldwide currency and gold reserves

Sources

All conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.

Currency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.

Average income around the worldA comparison of the average income per capita over 69 countries worldwide

Cost of living in a global comparisonRanking of international living costs from 103 countries compared to the US