Denmark is a country belonging to the European Union that has kept its national currency instead of adopting the euro. In this article, we talk about the Danish krone, the country's currency, and we give you important information about it, such as its exchange rate.
Below you have an index with all the points that we are going to deal with in this article.
The current currency in Denmark is the Danish krone, which in Danish is called krone (kroner in plural). Its ISO code is DKK and its abbreviation or symbol is kr. A crown is divided into one hundred øre.
This currency is not only used in Denmark, but also in Greenland and the Faroe Islands, territories that are included within the territory of the Kingdom of Denmark.
Currently we find six different types of metallic coins: 50 øre and 1, 2, 5, 10 and 20 crowns. The 50 øre coin has a crown depicted, the 1, 2 and 5 crowns the monogram of Queen Margaret II; and those of 10 and 20, her portrait.
As for the banknotes, there are 50, 100, 200, 500 and 1.000 crowns. New models have been circulating since 2009, more difficult to counterfeit than the previous ones. They feature Danish bridges, landscapes and prehistoric objects.
The watermark that can be seen on them through the light is a Viking ship from Skuldelev. In the Faroe Islands, the banknotes were renewed in 2012 and contain animal motifs. Although the designs are different, they have the same value as the Danish banknotes.
When a special event occurs in the Royal Family of Denmark, they are thrown commemorative coins, which are usually legal tender and silver. For the queen's 70th birthday, in 2010, a 500-crown and a gold coin were released.
In 1873 the Scandinavian Monetary Union was founded, under which Sweden, Denmark and Norway they had the same currency: the crown, based on gold. Although this union was dissolved in 1914, the three countries kept the name of the currency.
Although it stopped fixating on gold, Denmark returned to it between 1924 and 1931. Between 1940 and 1945, during the German occupation in World War II, it set on the Reichsmark, and, later, at pound sterling and to the German mark.
Although Denmark is a country that belongs to the European Union, unlike most countries, it does not use the euro. This is because in 2000 a referendum was organized in which the rejection of the euro won.
The Danish Parliament approved that businesses can refuse to accept cash and only allow payment by card or mobile application. According to this ordinance, 2030 is the deadline year for disappear the cash. It was the first country to set a date for this event.
La equivalence between a Danish krone and other major world currencies is as follows:
- 1,00 DKK = 0,13 euros (EUR)
- 1,00 DKK = 470,40 Colombian pesos (COP)
- 1,00 DKK = 0,15 US dollars (USD)
- 1,00 DKK = 2,85 Mexican pesos (MXN)
- 1,00 DKK = 2,77 Argentine pesos (ARS)
- 1,00 DKK = 100,69 Chilean pesos (CLP)
- DKK 1,00 = 0,52 peruvian soles (PEN)
- DKK 1,00 = 1,25 Norwegian crowns (NOK)
- 1,00 DKK = 1,27 Swedish crowns (SEK)
- DKK 1,00 = 0,12 pounds sterling (GBP)
- 1,00 DKK = 1,59 Venezuelan bolivars (VEF)
- 1,00 DKK = 7,57 Dominican pesos (DOP)
- 1,00 DKK = 900,71 Paraguayan guaranis (PYG)
- DKK 1,00 = 1,16 Guatemalan quetzals (GTQ)
Both in Copenhagen and in the rest of the cities of the country you will find exchange houses where you can get Danish crowns. However, you can also withdraw money directly from ATMs or exchange money in your own country.
The use of credit and debit cards is widespread, so that in most establishments they allow you to pay with this method. Also, in some businesses they accept payment in euros, although they may give you change in Danish crowns.
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