DKK/JPY: what to know
The DKK/JPY rate shows how much JPY you get for 1 DKK. Right now, 1 DKK buys 23.8381 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.0419 DKK.
In the short term DKK is driven mainly by its fixed peg to the euro, while JPY responds to Bank of Japan policy and global risk appetite.
The Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the DKK/JPY rate has ranged between 23.1015 and 25.1192 — a change of +3.29% 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.