Danish Krone (DKK) Exchange Rates

ISO 4217 Code

DKK

Central Bank

Danmarks Nationalbank

Website

www.nationalbanken.dk

Official users

Czech Republic
Greenland
Faroe Islands

Sub-unit

1/100 øre

Plural

Kroner

Pegged with

Euro

Coins in use

50 øre, 1, 2, 5, 10, 20 kr

Banknotes in use

50, 100, 200, 500, 1000 kr

The Krone is the legal tender of Denmark, Greenland and the Faroe Islands and has been in use by those countries since January 1875. The Krone is pegged to the Euro and adoption of the ‘Single Currency’ is favoured by a number of political parties within the country. A referendum held in 2000, however, put an end to the possibility of Denmark joining the Eurozone with the majority of the general public in favour of retaining the Krone.

One krone is subdivided into 100 øre (singular and plural) and in total there are eleven denominations of the Krone, with the smallest being the 50-øre coin, which is valued at one half of a krone. Formerly there were more øre coins, but these were discontinued due to inflation.