DKK/CNY: what to know
The DKK/CNY rate shows how much CNY you get for 1 DKK. Right now, 1 DKK buys 1.0409 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.9607 DKK.
In the short term DKK is driven mainly by its fixed peg to the euro, while CNY responds to PBoC decisions and Chinese growth.
The Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the DKK/CNY rate has ranged between 1.0291 and 1.1266 — a change of -7.11% 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.