SGD/DKK: what to know
The SGD/DKK rate shows how much DKK you get for 1 SGD. Right now, 1 SGD buys 5.0489 DKK at the mid-market rate. In the other direction, 1 DKK is worth 0.1981 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while DKK responds to its fixed peg to the euro.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. 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 SGD/DKK rate has ranged between 4.9230 and 5.1171 — a change of +2.49% 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.