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Need to know how much is your money worth in Denmark? The currency used in Denmark is called Krone.

The Danish Krone is issued and managed by the Danmarks Nationalbank. To find out the current currency exchange rates for krone to other major currencies of the world, click on foreign currency rates.

Danish Currency Information
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The currency used in Denmark is called as the Krone. This currency is denoted with the currency sign kr. ,- and the ISO 4217 Code for the Danish Krone is DKK. The Krone, is the official currency of the Denmark . It is divided into 100 smaller units called kroner.

The constitution of Denmark provides that the Denmark government shall have the power to print the Danish Krone and kroner coins to be used as a legal tender in Denmark. The Danish Krone bank notes and Kroner coins are both designated as "legal tender" in payment of debts.

The Danish Krone bill uses the decimal system, consisting of 100 equal units.

The symbol kr. ,-, usually written before the numerical amount, is used for the Danish Krone.

Currently printed bank notes denominations are 50, 100, 200, 500, 1000 kroner and the coins are minted in the denominations of 50-øre, 1-, 2-, 5-, 10-, 20-kroner .

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The Effect of Balance of Trade and Investment on the Value of Danish krone
Financial analysts regularly cite the balance of trade and investment in Denmark as the most important influence on the value of the Krone. The difference between what the Denmark exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Krone exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Krone exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Danish Krone.

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