JPY/DKK: what to know
The JPY/DKK rate shows how much DKK you get for 1 JPY. Right now, 1 JPY buys 0.0420 DKK at the mid-market rate. In the other direction, 1 DKK is worth 23.8142 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while DKK responds to its fixed peg to the euro.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band.
Over the past 12 months the JPY/DKK rate has ranged between 0.0398 and 0.0433 — a change of -3.19% 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.