CNY/DKK: what to know
The CNY/DKK rate shows how much DKK you get for 1 CNY. Right now, 1 CNY buys 0.9609 DKK at the mid-market rate. In the other direction, 1 DKK is worth 1.0406 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while DKK responds to its fixed peg to the euro.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. 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 CNY/DKK rate has ranged between 0.8876 and 0.9718 — a change of +7.66% 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.