DKK/NZD: what to know
The DKK/NZD rate shows how much NZD you get for 1 DKK. Right now, 1 DKK buys 0.2670 NZD at the mid-market rate. In the other direction, 1 NZD is worth 3.7449 DKK.
In the short term DKK is driven mainly by its fixed peg to the euro, while NZD responds to soft-commodity prices and 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 New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the DKK/NZD rate has ranged between 0.2608 and 0.2758 — a change of +1.25% 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.