Exchange rates

The fixing of the Icelandic kronur (ISK) has been resumed effective from 1 February 2018.

Currency ISO 17-07-2018 16-07-2018 See graph RSS Download
Euro EUR 745.40 745.49
US dollars USD 636.71 636.08
Pounds sterling GBP 840.12 844.56
Swedish kronor SEK 72.37 72.14
Norwegian kroner NOK 78.57 78.65
Swiss francs CHF 639.94 637.39
Japanese yen JPY 5.6551 5.6627
Currency ISO 17-07-2018 16-07-2018 See graph RSS Download
Australian dollars AUD 471.47 472.64
Brazilian real BRL 164.62 165.33
Bulgarian lev BGN 381.12 381.17
Canadian dollars CAD 483.93 484.12
Philippine peso PHP 11.93 11.89
Hong Kong dollars HKD 81.12 81.04
Indian rupee INR 9.30 9.28
Indonesian rupiah IDR 0.0443 0.0442
Icelandic kronur * ISK 5.982 5.954
Israeli shekel ILS 175.33 174.79
Chinese yuan renminbi CNY 95.17 95.24
Croatian kuna HRK 100.85 100.82
Malaysian ringgit MYR 157.70 157.34
Mexican peso MXN 33.62 33.83
New Zealand dollars NZD 433.60 431.87
Polish zlotys PLN 173.32 173.32
Romanian leu RON 159.90 160.12
Russian rouble RUB 10.19 10.22
Singapore dollars SGD 467.60 467.27
South African rand ZAR 47.97 48.25
South Korean won KRW 0.5648 0.5644
Thai baht THB 19.14 19.12
Czech koruny CZK 28.81 28.80
Turkish lira TRY 131.67 131.03
Hungarian forints HUF 2.305 2.314
SDR (Calculated **) XDR 895.18 895.47

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.

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
17-07-2018 103.73
16-07-2018 103.73
13-07-2018 103.68
12-07-2018 103.59
11-07-2018 103.71

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.​​