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NewBuy, 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 | ||
The Danish Krone is the official currency of the Kingdom of Denmark. Along with the kingdom of Denmark the Danish Krone is the official currency of Faroe Island and Greenland. The word krone translates to ‘crown’ in English. DKK is the currency code for the Danish Krone. While the currency is denoted as ‘kr’. Currently, the Danish Krone is pegged to the Euro .
The krone was first introduced in the year 1691 in honour of the crown. The krone was introduced by replacing the Danish rigsdaler. The Danmark National Bank is the central bank of Denmark with the authority to print and circulate the Danish Krone. Currently, the coins under circulation are ½ kr, 1 krone, 2 kroner, 5 kroner, 10 krone, and 20 kroner. While the currency notes in circulation have denominations of 50 kroner, 100 kroner, 200 kroner, 500 kroner, and 1000 kroner.
The Danish Krone and the Indian Rupee are traded on the foreign exchange market. Both these currencies fluctuate daily. The following are certain factors that affect the foreign currency exchange rate of the Danish Krone to the Indian Rupee:
1. Commodity prices,
2. Inflation,
3. Terms of trade,
4. Political stability,
5. Economic health, and
6. Public debt.
The conversion of the Danish Krone to the Indian Rupee is very simple. It can be done easily using an online currency calculator wherein you need to punch in numbers and the calculator instantaneously converts the currency to showcase the exact value. Similarly, the currency conversion can be done manually in simple and quick steps as under:
Let us convert 1000 DKK to INR . For this conversion, you need to know the current currency exchange rate between DKK to INR. Today’s currency exchange rate is 1 DKK = 12.10 INR. So, 1000 DKK is equal to 12,099.99 Indian Rupees.
The conversion of the Indian Rupee to the Danish Krone is very simple. You just need to know the current currency exchange rate . For example, today’s current currency exchange rate is 1 INR = 0.083 DKK. 1 Indian Rupee is equal to 0.083 Danish Krone. So, 100 Rupees is equal to 8.26 Danish Krone.
The following are the factors that determine the currency exchange rates of the Danish Krone and the Indian Rupee.
1. The central banks of both countries determine the exchange rates of their respective currencies.
2. The central banks of both countries have to keep a close watch on the performance of their currencies which in return shall determine their exchange rates in the forex market.
3. The demand and supply of the currencies shall determine their exchange rates.
4. The trade between both countries shall be an important factor to determine the exchange rates.
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