Exchange rates

From 1 July 2016 Danmarks Nationalbank will not publish exchange rates on days, which are either Danish bank holidays or Target2 closing days. This means that Danmarks Nationalbank from 1 July 2016 will no longer publish exchange rates on 1 May.

Currency ISO 15-12-2017 14-12-2017 See graph RSS Download
Euro EUR 744.43 744.33
US dollars USD 630.55 628.39
Pounds sterling GBP 843.52 844.27
Swedish kronor SEK 74.75 74.82
Norwegian kroner NOK 76.10 76.12
Swiss francs CHF 637.96 636.94
Japanese yen JPY 5.6205 5.5801
Currency ISO 15-12-2017 14-12-2017 See graph RSS Download
Australian dollars AUD 483.96 481.70
Brazilian real BRL 190.05 188.30
Bulgarian lev BGN 380.63 380.58
Canadian dollars CAD 493.98 489.82
Philippine peso PHP 12.51 12.43
Hong Kong dollars HKD 80.72 80.47
Indian rupee INR 9.85 9.76
Indonesian rupiah IDR 0.0464 0.0463
Israeli shekel ILS 178.80 178.17
Chinese yuan renminbi CNY 95.41 95.09
Croatian kuna HRK 98.65 98.62
Malaysian ringgit MYR 154.56 153.86
Mexican peso MXN 32.90 32.90
New Zealand dollars NZD 443.03 439.55
Polish zlotys PLN 176.54 176.30
Romanian leu RON 160.67 160.66
Russian rouble RUB 10.71 10.69
Singapore dollars SGD 468.28 466.66
South African rand ZAR 47.17 46.65
South Korean won KRW 0.5794 0.5776
Thai baht THB 19.40 19.33
Czech koruny CZK 28.99 28.97
Turkish lira TRY 163.24 162.32
Hungarian forints HUF 2.375 2.370
SDR (Calculated **) XDR 891.70 889.56
Euro EUR 744.43 744.33

Information on the fixing of exchange rates

The exchange rates published on Danmarks Nationalbank's website are the prices in Danish kroner for 100 units of the foreign currency.

The European Central Bank (ECB) conducts a daily concertation procedure at 14:15, at which time 32 exchange rates are agreed among a number of central banks.

The reference rates are based on actual exchange rates in the interbank market and are set at the mid-price of the sell and buy side at the time of the concertation.

At the time when the concertation begins and the reference rates are to be determined, ECB will obtain the price for euro in a number of currencies, including Danish kroner, from the interbank market via correspondent banks and electronic trading platforms. ECB then determines the most accurate reference rate and during the concertation these rates with any adjustments are finally agreed among ECB and the participating central banks. Read more about the euro foreign exchange reference rate on ECB's website.

Based on the determined reference rate between euro and Danish kroner, Danmarks Nationalbank calculates a price in Danish kroner for the remaining 31 currencies.

ECB publishes the reference rates determined at the concertation at 16:00 and shortly after Danmarks Nationalbank publishes the prices in Danish kroner.

The exchange rates on Danmarks Nationalbank's website are indicative rates that are not intended to be used in any market transaction. The rates are intended for information purposes only.

ISK
The fixing of Icelandic krona (ISK) has been suspended since 10 December 2008 and the latest Icelandic krona exchange rate published on 9 December 2008 was fixed at 2.569.

SDR
SDRs (Special Drawing Rights) are calculated on the basis of a basket of currencies (US dollars, euro, pounds sterling, Japanese yen and Chinese renminbi). Latest revision of the basket took effect on 1 October 2016. This basket is published by the IMF (the International Monetary Fund). The calculation is revised regularly and the next planned revision will be in September 2021. Read more about the SDR on IMF's website.

Historical exchange rates

Monthly and yearly historical exchange rates in Danmarks Nationalbank's StatBank.


 StatBank ​​

The effective rate index

The effective krone rate index (1980=100)

Date Index
15-12-2017 103.55
14-12-2017 103.66
13-12-2017 103.40
12-12-2017 103.51
11-12-2017 103.69

The effective krone rate is calculated as a weighted average of the bilateral exchange rates vis-à-vis Denmark's major trading partners. The weights are calculated on the basis of trade in industrial goods in 2014. An increase in the index reflects a strengthening of the krone.​​