Danmarks Nationalbank (English: National Bank of Denmark) is the central bank of the Kingdom of Denmark. It is a non-eurozone member of the European System of Central Banks (ESCB). Since its establishment in 1818, the objective of the Nationalbank as an independent and credible institution is to issue the Danish currency, the krone, and ensure its stability. The Board of Governors holds full responsibility for the monetary policy.
As the central bank of Denmark, Danmarks Nationalbank is responsible for conducting monetary policy in Denmark. Denmark maintains a fixed-exchange-rate policy vis-à-vis the euro area and participates in the European Exchange Rate Mechanism, ERM 2, at a central rate of 746.038 kroner per 100 euro with a fluctuation band of +/- 2.25 per cent. The fixed-exchange-rate policy provides a framework for low and stable inflation in Denmark. Danmarks Nationalbank conducts monetary policy by setting the monetary-policy interest rates. In the short term, Danmarks Nationalbank may also influence the exchange rate of the krone by intervening, i.e. buying and selling foreign exchange in the market..
Currency Name | Code | 1 DKK | in DKK | Converter | Chart |
Australian Dollar | AUD | 0.219800 | 4.549600 | DKK/AUD | |
Bulgarian Lev | BGN | 0.262123 | 3.815000 | DKK/BGN | |
Brazilian Real | BRL | 0.816793 | 1.224300 | DKK/BRL | |
Canadian Dollar | CAD | 0.202606 | 4.935700 | DKK/CAD | |
Swiss Franc | CHF | 0.125823 | 7.947700 | DKK/CHF | |
Chinese Yuan | CNY | 1.056078 | 0.946900 | DKK/CNY | |
Czech Koruna | CZK | 3.360215 | 0.297600 | DKK/CZK | |
Danish Krone | DKK | 1.000000 | 1.000000 | DKK/DKK | |
Euro | EUR | 0.134025 | 7.461300 | DKK/EUR | |
U.K. Pound Sterling | GBP | 0.112882 | 8.858800 | DKK/GBP | |
Hong Kong Dollar | HKD | 1.161845 | 0.860700 | DKK/HKD | |
Hungarian Forint | HUF | 52.826202 | 0.018930 | DKK/HUF | |
Indonesian Rupiah | IDR | 2,283.105023 | 0.000438 | DKK/IDR | |
Israeli New Sheqel | ILS | 0.561766 | 1.780100 | DKK/ILS | |
Indian Rupee | INR | 12.484395 | 0.080100 | DKK/INR | |
Icelandic Krona | ISK | 20.412329 | 0.048990 | DKK/ISK | |
Japanese Yen | JPY | 21.168053 | 0.047241 | DKK/JPY | |
South Korean Won | KRW | 197.511357 | 0.005063 | DKK/KRW | |
Mexican Peso | MXN | 2.846570 | 0.351300 | DKK/MXN | |
Malaysian Ringgit | MYR | 0.632751 | 1.580400 | DKK/MYR | |
Norwegian Krone | NOK | 1.578283 | 0.633600 | DKK/NOK | |
New Zealand Dollar | NZD | 0.239596 | 4.173700 | DKK/NZD | |
Philippine Peso | PHP | 8.305648 | 0.120400 | DKK/PHP | |
Polish Zloty | PLN | 0.572279 | 1.747400 | DKK/PLN | |
Romanian New Leu | RON | 0.666756 | 1.499800 | DKK/RON | |
Swedish Krona | SEK | 1.517681 | 0.658900 | DKK/SEK | |
Singapore Dollar | SGD | 0.192927 | 5.183300 | DKK/SGD | |
Thai Baht | THB | 4.960317 | 0.201600 | DKK/THB | |
Turkish Lira | TRY | 5.086470 | 0.196600 | DKK/TRY | |
U.S. Dollar | USD | 0.149089 | 6.707400 | DKK/USD | |
South African Rand | ZAR | 2.620545 | 0.381600 | DKK/ZAR |