Exchange rates

Danmarks Nationalbank ensures that the exchange rate of the krone against the euro is very stable around the central rate of DKK 7.46038 every day. We are doing this as part of the so-called fixed exchange rate policy pursued by Denmark since the beginning of the 1980s. The exchange rate of the krone against all other currencies can fluctuate freely and is determined by daily trading on the international foreign exchange markets. Here you can see the latest exchange rates listed as the price in Danish kroner for 100 units of foreign currency.

Selected exchange rates

All exchange rates

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 ruble 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.

Get exchange rates in Danmarks Nationalbank’s Statbank or via XML

You can get the historical exchange rates in Danmarks Nationalbank’s Statbank.

You can also get the latest exchange rate updates via XML:

How exchange rates are determined

The European Central Bank (ECB) conducts a daily concertation procedure at 14:10, at which time 31 exchange rates are agreed among a number of central banks. The timeslot for the determination of exchange rates changed from 14:15 to 14:10 starting from 3 April 2023.

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.

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.

Effective krone rate

Source:

Danmarks Nationalbank

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.​​

Read more about the effective krone rate index.

Learn more