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
$429
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?continent=europe
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
It’s as easy as open, fund, trade.
Open a Global Markets Portfolio
Start a Global Markets Portfolio with a Cash Account
Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
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%
How to Open An Account
Buying and selling foreign currencies begin with a Global Markets High Yield Cash Account, which serves as the funding account for your currency transactions. Once it’s open, you will automatically receive a Global Markets Portfolio. This Portfolio will allow you to buy and sell any of the 20 foreign currencies available.
Global Markets
High Yield Cash Account
The High Yield Cash Account with Global Markets access delivers the typical features of a checking account but adds high yields for every dollar in your account.
On top of that, it serves as the launchpad to funding your precious metals and foreign currency transactions as well as access to all Global Markets Products.
- Use as the funding account for precious metals and foreign currency transactions
- ACH transfers to/from external accounts
- Free online bill pay
- Debit card with $30/month of ATM fee reimbursement if charged (Coming Soon)
- 1st order of checks complimentary
- $5 monthly fee waived, no minimum balance required
Currency Deposit
- $2,500 minimum initial trade per currency
- After initial trade, no minimum trade amount required
Currency CD
- $10,000 minimum initial trade per Currency CD
- After initial trade, no minimum trade amount required
Available Currencies
Need Support?
855.922.8853 (BATTLE)
Available Monday to Friday between 8:00 a.m. and 3:30 p.m. central time.
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