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 18-10-2017 17-10-2017 See graph RSS Download
Euro EUR 744.38 744.39
US dollars USD 633.57 633.04
Pounds sterling GBP 833.73 835.00
Swedish kronor SEK 77.58 77.69
Norwegian kroner NOK 79.55 79.82
Swiss francs CHF 644.43 647.07
Japanese yen JPY 5.6129 5.6419
Currency ISO 18-10-2017 17-10-2017 See graph RSS Download
Australian dollars AUD 495.96 496.46
Brazilian real BRL 200.11 199.26
Bulgarian lev BGN 380.60 380.61
Canadian dollars CAD 505.69 504.98
Philippine peso PHP 12.31 12.33
Hong Kong dollars HKD 81.14 81.08
Indian rupee INR 9.74 9.73
Indonesian rupiah IDR 0.0469 0.0469
Israeli shekel ILS 180.31 180.35
Chinese yuan renminbi CNY 95.60 95.62
Croatian kuna HRK 99.15 99.15
Malaysian ringgit MYR 150.01 149.89
Mexican peso MXN 33.64 33.18
New Zealand dollars NZD 451.47 454.59
Polish zlotys PLN 176.07 175.99
Romanian leu RON 162.24 162.53
Russian rouble RUB 11.04 11.03
Singapore dollars SGD 466.35 466.64
South African rand ZAR 46.82 47.12
South Korean won KRW 0.5600 0.5605
Thai baht THB 19.11 19.11
Czech koruny CZK 28.96 28.93
Turkish lira TRY 172.21 172.91
Hungarian forints HUF 2.415 2.422
SDR (Calculated **) XDR 892.57 892.87
Euro EUR 744.38 744.39

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 Decem-ber 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
18-10-2017 103.00
17-10-2017 102.95
16-10-2017 102.97
13-10-2017 103.07
12-10-2017 103.28

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 2013. An increase in the index reflects a strengthening of the krone.​​