TRY/DKK: what to know
The TRY/DKK rate shows how much DKK you get for 1 TRY. Right now, 1 TRY buys 0.1336 DKK at the mid-market rate. In the other direction, 1 DKK is worth 7.4851 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while DKK responds to its fixed peg to the euro.
The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira. 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 TRY/DKK rate has ranged between 0.1325 and 0.1545 — a change of -13.82% 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.