Currencies

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
1.00 Danish Kronen = 0.15 US Dollar
(date: 09/16/2019)



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Exchange rate history 1 DKK in USD



Danish Krone as currency

CountryRegion
GreenlandNorth America
DenmarkNorthern Europe


Currencies with a fixed exchange rate to the Danish Krone

CurrencyRate
Faroese Krona1 DKK = 1 FOK

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean


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.

Worldwide currency and gold reserves