RON/DKK: what to know
The RON/DKK rate shows how much DKK you get for 1 RON. Right now, 1 RON buys 1.4227 DKK at the mid-market rate. In the other direction, 1 DKK is worth 0.7029 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while DKK responds to its fixed peg to the euro.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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 RON/DKK rate has ranged between 1.4194 and 1.4746 — a change of -3.51% 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.