NZD/DKK: what to know
The NZD/DKK rate shows how much DKK you get for 1 NZD. Right now, 1 NZD buys 3.7491 DKK at the mid-market rate. In the other direction, 1 DKK is worth 0.2667 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while DKK responds to its fixed peg to the euro.
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. 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 NZD/DKK rate has ranged between 3.6252 and 3.8342 — a change of -1.24% 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.