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Buy, Sell or Transfer Danish Krone (DKK) in India at the best exchange rates
| Currency Name | Buy Rate (Card Rate) | Sell Rate |
|---|---|---|
| View Detailed Rate card | ||
Prior to the introduction of the Danish Krone in Denmark, the earlier kings issued various currencies. However, finally, in 1875, Krone (Kr) was introduced which brought economic stability to the country. Before being pegged to the Euro in 1987, it was pegged to German currency and also British Pound Sterling. Currently, it is The Danmark National Bank that issues and manages DKK. Both banknotes and coins are being circulated in the country. The banknotes include denominations of 50, 100, 200, and 500 kroner and coins include a 50 øre coin (half a krone), 1kr, 2kr, 5kr, 10kr, and 20kr. With the size and shape of the coin, the differentiation of the denominations could be done. The ones that are thicker and bigger are of higher value.
As aforementioned, DKK or Danish Krone has been pegged to the Euro since 1987 and has remained unchanged. So, the value of the Euro is definitely a factor that affects the value of the DKK. Apart from this, there are various other elements as well that impact Krone's value. The interest rate and the inflation rate of the Danish Krone also impact the exchange rate of DKK to INR. With an increase in the interest rates, the exchange rates will surge and vice-versa. The higher the unemployment in a country and political and economic instability, the higher its chances to lose its currency value. For the purpose of trading between DKK and INR, international commodity prices also play a decisive role.
Conversion of currencies is done as per the current exchange rate . As in the case of DKK to INR, the value of Krone and INR are essential considerations. The current exchange rate of DKK to INR is INR 12. 10 per DKK. So, you need to pay INR 12.10 to get 1 DKK or say, approximately 13 DKK to get INR 1. Let's check an illustration for a detailed understanding: Sumit lives in Denmark with his wife. He is planning a tour of his native place in India. So, for the purpose of travelling, Sumit needs to have INR 50,000. Hence, in order to get INR 50,000, Sumit needs to pay approximately 6 lakhs DKK to get 50,000 Indian Rupees. On the other hand, if Sumit wants to get 10,000 DKK, he will have to pay INR 827.
While you are planning finances, do not forget to calculate your results prior to going for actual conversion. For this, you may want to take the help of the currency converter. This specially designed online calculator lets you have a quick insight into the amounts you will have to pay and what you will get in return as per ongoing exchange rates. As in the case of DKK to INR, the results will be as follows:
1 DKK= INR 12.10
100 DKK= INR 1,210
1,000 DKK= INR 12,100, and
INR 1= 0.083 DKK
INR 1,000= 83 DKK
INR 10,000= 830 DKK.
The economy of any country is managed and administered by its official monetary authority. The same is the case for Denmark and India. The exchange rates of DKK-INR are decided by the national banks of both countries. The Reserve Bank of India and the Dan mark National bank are the institutions involved. The rates vary owing to the changes in various sectors. Changes in the price of international commodities, global oil prices, interest rate and inflation rate of both countries and the relations between both the countries as well. As in the case of DKK-INR, the rates keep on fluctuating since both currencies are not pegged to each other.
India and Denmark have maintained a positive friendly relationship for a long history and it is expected to grow further. Recently, both countries have also signed up for the 'Green Strategic Partnership' which is yet another example of growing relations between the countries. The bilateral trade has led to benefits for both Denmark and India. The current exchange rate of both currencies is INR 12.10/DKK. For anyone willing to convert their currency to another currency like DKK to INR or vice-versa, it is advised to use the currency converter to bring more clarity to their decision.
Disclaimer: The figures are for illustrations only, as the currency rates are subject to change.
Personally visiting the local forex vendor and negotiating for the best Denmark Currency to INR exchange rate is now passé. You can sell forex at the most competitive exchange prices from the comfort of your home. Thomas Cook understands the importance of your Rupee and thus helps you convert DKK to INR at the most competitive market rates.
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