About this pair
NOK/DKK: what to know
The NOK/DKK rate shows how much DKK you get for 1 NOK. Right now, 1 NOK buys 0.6916 DKK at the mid-market rate. In the other direction, 1 DKK is worth 1.4459 NOK.
In the short term NOK is driven mainly by oil and gas prices, while DKK responds to its fixed peg to the euro.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. 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 NOK/DKK rate has ranged between 0.6234 and 0.6986 — a change of +7.49% 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.