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 24-03-2017 23-03-2017 See graph RSS Download
Euro EUR 743.78 743.56
US dollars USD 688.37 689.38
Pounds sterling GBP 858.87 861.87
Swedish kronor SEK 77.99 78.19
Norwegian kroner NOK 81.03 81.28
Swiss francs CHF 693.95 694.92
Japanese yen JPY 6.1935 6.2296
Currency ISO 24-03-2017 23-03-2017 See graph RSS Download
Australian dollars AUD 524.45 526.15
Brazilian real BRL 219.76 221.24
Bulgarian lev BGN 380.29 380.18
Canadian dollars CAD 514.80 516.83
Philippine peso PHP 13.71 13.69
Hong Kong dollars HKD 88.62 88.75
Indian rupee INR 10.53 10.53
Indonesian rupiah IDR 0.0517 0.0518
Israeli shekel ILS 189.03 189.10
Chinese yuan renminbi CNY 99.96 100.12
Croatian kuna HRK 100.24 100.24
Malaysian ringgit MYR 155.60 155.65
Mexican peso MXN 36.41 36.10
New Zealand dollars NZD 482.94 485.89
Polish zlotys PLN 174.21 174.20
Romanian leu RON 163.37 163.22
Russian rouble RUB 12.06 11.95
Singapore dollars SGD 491.72 492.88
South African rand ZAR 55.17 55.11
South Korean won KRW 0.6145 0.6158
Thai baht THB 19.91 19.92
Czech koruny CZK 27.53 27.52
Turkish lira TRY 189.86 190.47
Hungarian forints HUF 2.401 2.405
SDR (Calculated **) XDR 937.99 939.43
Euro EUR 743.78 743.56

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
24-03-2017 100.90
23-03-2017 100.79
22-03-2017 100.89
21-03-2017 100.88
20-03-2017 100.83

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.​​