About this pair
XPD/DKK: what to know
The XPD/DKK rate shows how much DKK you get for 1 XPD. Right now, 1 XPD buys 8,393.06 DKK at the mid-market rate. In the other direction, 1 DKK is worth 0.000119146 XPD.
In the short term XPD is driven mainly by auto demand and tight supply, while DKK responds to its fixed peg to the euro.
Palladium is used mainly in petrol-engine catalytic converters. The Danish Krone (DKK) is issued by Danmarks Nationalbank. The Danish krone is tightly pegged to the euro within a narrow band.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.