Danish Krone
The currency of Denmark is the Danish krone (DKK). Denmark is one of seven EU member states that don’t use the euro.
It would be logical for the European Union to want them, though. Denmark’s balance of trade is generally positive and growing.
Denmark has a variety of exports, including medicine, meat and refined oil.
About Denmark
GDP1
$395
Billion
USD
Major Exports2
Medicine
Meat
Refined Oil
Major Export Partners2
Germany
U.S.
Sweden
Budget Deficit3
3.3%
Trade Flows4
3.15
Billion
DKK
Pros and Cons of the Danish Krone
- Pegged to the euro for stability5
- Backed by a highly stable economy6
- Independent central bank with a reliable track record7
- Limited monetary flexibility due to the euro peg5
- Low interest-rate environment7
- Not a major global reserve currency8
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://www.ecb.europa.eu/ecb-and-you/explainers/html/index.en.html
6. https://www.oecd.org/economy/denmark-economic-snapshot/
7. https://www.nationalbanken.dk/en/what-we-do/stable-prices-monetary-policy-and-the-danish-economy/monetary-policy-instruments
8. https://data.imf.org/en/datasets/IMF.STA:COFER
How to Buy the Danish Krone
Currency CD
Term
APY
3 Month
0.00%
6 Month
0.00%
9 Month
0.00%
12 Month
0.00%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
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