DKK/CAD: what to know
The DKK/CAD rate shows how much CAD you get for 1 DKK. Right now, 1 DKK buys 0.2152 CAD at the mid-market rate. In the other direction, 1 CAD is worth 4.6475 DKK.
In the short term DKK is driven mainly by its fixed peg to the euro, while CAD responds to oil prices and the US economy.
The Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band. 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”.
Over the past 12 months the DKK/CAD rate has ranged between 0.2099 and 0.2195 — a change of -1.36% 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.