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Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘General Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

DKK - Danish Krone

Denmark, Krone

DKK - Danish Krone

The Danish also known as the Danish crown is the official currency of Denmark and the provinces of Greenland and Faroe Islands. The currency code for the Danish Krone is DKK while its symbol is kr. It was introduced in 1st January 1875 to replace the former Danish rigsdaler when Denmark joined the Scandinavian Monetary Union (alongside Norway and Sweden). When Denmark opted out of the Union at the start of the First World War, it retained its krone currency just like the two countries. The Danish Krone is subdivided into 100 ore. The Danish government issues coins in 50 øre, 1, 2, 5, 10, 20 kroner denominations while the bills are in 50, 100, 200, 500, 1000 kroner denominations.

The most actively traded currency pair involving the Danish Krone is the EURDKK and USDDKK. Denmark is part of the Exchange Rate Mechanism II (or ERM-II) whereby a country pegs its currency to the euro for a minimum of two years. As a result, the Danish Krone is closely linked to the European Monetary system thus the exchange rate is very stable towards the Euro, unlike other currencies where it varies more. The currency is available in the form of banknotes and coins and is solely regulated by the country's Central Bank, the Danmarks Nationalbank.

DKK Pairs

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