Exchange rates

Currency ISO 31-01-2023 30-01-2023 See graph RSS Download
Euro EUR 743.88 743.83
US dollars USD 686.68 682.23
Pounds sterling GBP 844.62 845.47
Swedish kronor SEK 65.55 66.05
Norwegian kroner NOK 68.19 68.92
Swiss francs CHF 741.51 740.50
Japanese yen JPY 5.2657 5.2460
Currency ISO 31-01-2023 30-01-2023 See graph RSS Download
Australian dollars AUD 480.67 483.32
Brazilian real BRL 134.34 133.65
Bulgarian lev BGN 380.35 380.32
Canadian dollars CAD 510.56 511.86
Philippine peso PHP 12.57 12.51
Hong Kong dollars HKD 87.62 87.08
Indian rupee INR 8.39 8.37
Indonesian rupiah IDR 0.0457 0.0455
Icelandic kronur * ISK 4.859 4.852
Israeli shekel ILS 197.45 196.85
Chinese yuan renminbi CNY 101.63 101.06
Malaysian ringgit MYR 160.97 160.75
Mexican peso MXN 36.47 36.31
New Zealand dollars NZD 441.26 443.34
Polish zlotys PLN 157.97 157.92
Romanian leu RON 151.16 151.63
Russian rouble RUB 0 0
Singapore dollars SGD 521.36 519.80
South African rand ZAR 39.31 39.38
South Korean won KRW 0.5556 0.5556
Thai baht THB 20.79 20.85
Czech koruny CZK 31.27 31.17
Turkish lira TRY 36.50 36.27
Hungarian forints HUF 1.903 1.905
SDR (Calculated **) XDR 925.75 922.49
Euro EUR 743.88 743.83

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 31 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 30 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.

RUB
Owing to current trading activity in the ruble market, the European Central Bank (ECB) is not in a position to set an exchange rate that is representative of prevailing market conditions. The ECB has therefore suspended its publication of an exchange rate for the Russian rouble until further notice. The ECB last published a EUR/RUB exchange rate on 1 March 2022. On this ground, Danmarks Nationalbank has also suspended the publication of a ruble exchange rate until further notice.


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 August 2022. This basket is published by the IMF (the International Monetary Fund). The calculation is revised regularly and the next planned revision will be in July 2027. 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
31-01-2023 103.76
30-01-2023 103.83
27-01-2023 103.74
26-01-2023 103.80
25-01-2023 103.76

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 2018. An increase in the index reflects a strengthening of the krone.​​