1.00 Danish Kronen = 0.16 US Dollar
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 1,442.53 billion at the end of 2019 (data only for Denmark). For currency hedging, reserves were held in a total amount of 445.76 billion Krones. This corresponds to a ratio of 1:3.2. Or in other words: 1 of 3 Krones is deposited with a countervalue, which is internationally already above average.
Approximately 21.7 billion Krones (4.9%) 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