Currency Rates for Danish krone
Bank Exchange Rates for Denmark - DKK - Danish krone – Kr. The foreign exchange rates for Denmark also known as the ISO code AFN or the Danish krone currency and as a symbol Kr.
Denominations of coins, currently in circulation include 50-ore, 1, 2, 5, 10 and 20 kroner, whilst banknotes are available in denominations of 50, 100, 200, 500 and 1,000 kroner. Send Money Transfer to Denmark.
Denmark currency is called Krone also called Danish Krone in English. The literal meaning of krone (symbolized as kr) means crown and were minted since 17th century. Danish krone is also the currency of Greenland along with Faroe Islands. The first krone was introduced in 1800's. The currency is coded as DKK and uses a symbol kr. While denoting the currency the code comes at the beginning of the value and symbol is placed after the value.
Notes and Coins -
The oldest coin is known as penny but the systematic minting started producing cross coins since 10th century followed by organized minting on a large scale during reign of Canute the Great.
Denmark coins were coming in different times with encryption of the name of kings, portrait and monogram for over 1000 years.
From 1619 until 18th century , Danish Rigsdaler was in use and then in 1875, Rigsdaler was replaced by a new kroner which positioned krone to a gold standard at a rate: 1 Kilogram Gold = 2480 kroner.
The new krone (result of Scandinavian Monetary Union) was part of Monetary Fund until World War- l. With the abandonment of Monetary Union, gold era ended.
Denmark again joined Gold standard in 1924 but abandoned it in 1931.
Krone was joined to German Reich mark between 1940 to 1945. After 1945, following end of German Occupation 24 kroner was equal to 1 British Pound.
With Brentwood System, Denmark depreciated its currency with a value of 1USD = 6.91 krone.
Most of the bank notes were issued after 1945 and new series of bank notes issued with denominations of 5 , 10, 20, 20 , 100, 200, 500 and 1000 kroner.
Thematic coins for the first time was circulated in 2001 and in 2009 and 2011 new bank note design was circulated by the National Bank of the country.
The krone was pegged to euro via the European Exchange Rate Mechanism for currency exchange. Krone is further divided into 100 ore and is currently regulated by the nation's national bank.
Denmark voters considered joining Eurozone but with 2000 referendum joining Eurozone was rejected with 53.2% voting against the proposal.
GBP to DKK
Introduced in 1875, the Danish krone is the official currency of Denmark, the Faroe Islands, and Greenland. The word ‘krone’ means crown, and as such, the krone is sometimes called the Danish Crown by English speakers. Coins have been minted in Denmark since the 10th century, with the oldest coins being called ‘korsmonter’ (‘Cross coins’).
Before the introduction of the krone, coins in Denmark were used to generate profit for the monarch or the state, by decreasing the amounts of precious metals used to make them, and thus, making them unable to correspond to their face value, which resulted in a loss of trust in the coins from the public. Coins were reintroduced two years after the introduction of the Danish krone.Bank Exchange Rates for Danish krone. The foreign exchange rates for Denmark also known as the ISO code DKK. Send money transfer online with us with the cheapest options.