DKK/ZAR: what to know
The DKK/ZAR rate shows how much ZAR you get for 1 DKK. Right now, 1 DKK buys 2.5076 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.3988 DKK.
In the short term DKK is driven mainly by its fixed peg to the euro, while ZAR responds to 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 South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
Over the past 12 months the DKK/ZAR rate has ranged between 2.4761 and 2.7571 — a change of -7.82% 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.