Denmark is a country belonging to the European Union that has retained its national currency instead of adopting the euro. In this article, we talk about the Danish crown, the currency of the country, and we give you important information about it, such as its exchange rate.
Below you have an index with all the points that we are going to deal with in this article.
The current currency of Denmark is the Danish crown, which in Danish is called krone (kroner in plural). Its ISO code is DKK and, its abbreviation or symbol, kr. A crown is divided into one hundred øre.
This currency is not only used in Denmark, but also in Greenland and the Faroe Islands, territories that fall within the territory of the Kingdom of Denmark.
Currently we find six different types of metal coins: 50 øre and 1, 2, 5, 10 and 20 crowns. The 50 øre coin is represented with a crown, those of 1, 2 and 5 crowns the monogram of Queen Margaret II; and those of 10 and 20, his portrait.
As for the tickets, there are 50, 100, 200, 500 and 1,000 crowns. New models have circulated since 2009, more difficult to counterfeit than previous ones. Danish bridges, landscapes and prehistoric objects appear on them.
The watermark that can be seen on them through the light is a Viking ship from Skuldelev. On the Faroe Islands, the tickets were renewed in 2012 and contain animal motifs. Although the designs are different, they have the same value as the Danish banknotes.
When a special event takes place in the Royal Family of Denmark, they are launched commemorative coins, which are usually legal and silver. For the 70th birthday of the queen, in 2010, a coin of 500 crowns and a gold one were thrown.
In 1873 the Scandinavian Monetary Union was founded, under which Sweden, Denmark and Norway had the same currency: the crown, based on gold. Although in 1914 this union was dissolved, the three countries retained the name of the currency.
Although he stopped paying attention to gold, Denmark returned to it between 1924 and 1931. Between 1940 and 1945, during the German occupation in World War II, it was set to reichsmark, and, later, to the pound sterling and the German mark.
Although Denmark is a country that belongs to the European Union, unlike most countries, it does not use the euro. This is because in 2000 a referendum was organized in which he won the rejection of the euro.
The Danish Parliament approved that businesses can refuse to accept cash and only allow payment by card or mobile application. Under this ordinance, 2030 is the year limit for disappear the cash. It has been the first country to set a date for this fact.
The equivalence Between a Danish crown and other major currencies of the world is the following:
- DKK 1.00 = 0.13 euros (EUR)
- 1.00 DKK = 470.40 Colombian pesos (COP)
- DKK 1.00 = US $ 0.15 (USD)
- DKK 1.00 = 2.85 Mexican pesos (MXN)
- 1.00 DKK = 2.77 Argentine pesos (ARS)
- 1.00 DKK = 100.69 Chilean pesos (CLP)
- DKK 1.00 = 0.52 Peruvian soles (PEN)
- DKK 1.00 = 1.25 Norwegian kronor (NOK)
- DKK 1.00 = 1.27 Swedish krona (SEK)
- DKK 1.00 = 0.12 pounds sterling (GBP)
- DKK 1.00 = 1.59 Venezuelan Bolivars (FEV)
- 1.00 DKK = 7.57 Dominican pesos (DOP)
- DKK 1.00 = 900.71 Paraguayan Guarani (PYG)
- 1.00 DKK = 1.16 Guatemalan quetzales (GTQ)
Both in Copenhagen and in the other cities of the country you will find exchange houses in which to obtain Danish crowns. However, you can also withdraw money directly from ATMs or exchange money in your own country.
The use of credit and debit card is widespread, so in most establishments allow you to pay with this method. Also, in some businesses they accept payment with euros, although they may give you the change in Danish crowns.
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Finally, we have selected the previous and next article of the block "World Coins"so you can continue reading: