About this pair
DKK/NOK: what to know
The DKK/NOK rate shows how much NOK you get for 1 DKK. Right now, 1 DKK buys 1.4423 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.6933 DKK.
In the short term DKK is driven mainly by its fixed peg to the euro, while NOK responds to oil and gas prices.
The Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the DKK/NOK rate has ranged between 1.4314 and 1.6042 — a change of -6.97% 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.