CAD/DKK: what to know
The CAD/DKK rate shows how much DKK you get for 1 CAD. Right now, 1 CAD buys 4.6460 DKK at the mid-market rate. In the other direction, 1 DKK is worth 0.2152 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while DKK responds to its fixed peg to the euro.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band.
Over the past 12 months the CAD/DKK rate has ranged between 4.5561 and 4.7645 — a change of +1.37% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.