DKK/AUD: what to know
The DKK/AUD rate shows how much AUD you get for 1 DKK. Right now, 1 DKK buys 0.2167 AUD at the mid-market rate. In the other direction, 1 AUD is worth 4.6155 DKK.
In the short term DKK is driven mainly by its fixed peg to the euro, while AUD responds to commodity prices and Chinese demand.
The Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the DKK/AUD rate has ranged between 0.2154 and 0.2409 — a change of -8.25% 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.