Countries that use the Danish kroneThe 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.
List of all currencies
1.00 Danish krones = 0.14 US dollars
↔ Reverse currencies
Exchange rate history 1 DKK in USDThe 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
Currencies with a fixed exchange rate to the Danish krone
|Faroese krona||1 DKK = 1 FOK|
US dollar as currency
|British Virgin Islands||Caribbean|
|El Salvador||Central America|
|East Timor||Southeast Asia|
|Federated States of Micronesia||Micronesia|
|Northern Mariana Islands||Micronesia|
|Turks and Caicos Islands||Caribbean|
|United States of America||North America|
|British Indian Ocean Territory||Eastern Africa|
|United States Minor Outlying Islands||Micronesia|
Currency reserves for the Danish kroneAccording 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
SourcesAll conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.