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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 Kronen = 0.16 US Dollar
(date: 10/18/2021)


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Exchange rate history 10 DKK in USD

The graph shown here shows the exchange rate development from Januar 2015 to Oktober 2021. The exchange rate for 10 DKK developed during this time from USD 1.50 to USD 1.55. In these 82 months it rose by 3.2%.

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 1,575.80 bn at the end of 2020 (data only for Denmark). For currency hedging, reserves were held in a total amount of 476.42 bn Krones. This corresponds to a ratio of 1:3.3. Or in other words: 1 of 3 Krones is deposited with a countervalue, which is internationally already above average.

Approximately 26.5 bn Krones (5.6%) 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


Currency reservesCurrency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.
Comparison: average incomeAverage income around the worldA comparison of the average income p.c. over 67 countries worldwide
Comparison: Cost of livingCost of living in a global comparisonRanking of international living costs from 112 countries compared to the US