Worried about fluctuating Danish Krone (DKK) to INR exchange rate? Selling forex online has never been this simple. Convert your Danish currency to INR within no time with Thomas Cook and put a satisfying end to your Denmark trip.
Did this European country blow your mind and gift you memories that will last a lifetime? To make your trip more memorable, Thomas Cook suggests you convert marginally more INR to Denmark currency. By doing so, you will reduce the chances of running short of forex during your foreign tour. After all, who wants to ruin their trip to this heavenly country by getting involved in the hassle of finding a reliable foreign exchange vendor abroad?
Now that you are back, do you have unused forex to be converted to INR? If yes, then you have arrived at the right place.
Want to know the current DKK to INR rate?
Head straight to our online money converter assistant to get the real-time DKK to INR exchange rate. This tool is designed to eliminate the mental math that goes in finding out the reconversion value of Danish Krone to INR. Whether you have foreign currency, traveler’s cheques or forex cards, we facilitate all types of DKK to INR conversions online.
Importance of the Currency
Danish Krone is a popular currency and has been the official currency of Denmark since 1875. Krone has proved to be a stable currency and has led to lots of economic benefits for the country. Being pegged to the Euro, Danish Krone is valued at a fixed rate of 7.6 Krone per
Euro. DKK is the short form for Danish Krone. Due to the continuous increase in the exports of the country, the value of DKK in the global markets has also surged. Denmark is a member of the Eurozone. However, the Euro is not the currency of the country but Danish Krone is. Denmark maintains trading relations with various countries which is why, globally also it is a sound and stable currency.
Introduction of the Currency
Prior to the introduction of the Danish Krone in Denmark, the earlier kings issued various currencies. However, finally, in 1875, Krone (Kr) was introduced which brought economic stability to the country. Before being pegged to the Euro in 1987, it was pegged to German currency and also
British Pound Sterling. Currently, it is The Danmark National Bank that issues and manages DKK. Both banknotes and coins are being circulated in the country. The banknotes include denominations of 50, 100, 200, and 500 kroner and coins include a 50 øre coin (half a krone), 1kr, 2kr, 5kr, 10kr, and 20kr. With the size and shape of the coin, the differentiation of the denominations could be done. The ones that are thicker and bigger are of higher value.
Factors that affect the exchange of the DKK to INR
As aforementioned, DKK or Danish Krone has been pegged to the Euro since 1987 and has remained unchanged. So, the value of the Euro is definitely a factor that affects the value of the DKK. Apart from this, there are various other elements as well that impact Krone's value. The interest rate and the inflation rate of the Danish Krone also impact the exchange rate of DKK to INR. With an increase in the interest rates, the exchange rates will surge and vice-versa. The higher the unemployment in a country and political and economic instability, the higher its chances to lose its currency value. For the purpose of trading between DKK and INR, international commodity prices also play a decisive role.
Convert Currency to IN R Online as per Today’s Conversion Rate
Conversion of currencies is done as per the current
exchange rate. As in the case of DKK to INR, the value of Krone and INR are essential considerations. The current exchange rate of DKK to INR is INR 12. 10 per DKK. So, you need to pay INR 12.10 to get 1 DKK or say, approximately 13 DKK to get INR 1. Let's check an illustration for a detailed understanding:
Sumit lives in Denmark with his wife. He is planning a tour of his native place in India. So, for the purpose of travelling, Sumit needs to have INR 50,000. Hence, in order to get INR 50,000, Sumit needs to pay approximately 6 lakhs DKK to get 50,000 Indian Rupees.
On the other hand, if Sumit wants to get 10,000 DKK, he will have to pay INR 827.
Convert Currency to INR
While you are planning finances, do not forget to calculate your results prior to going for actual conversion. For this, you may want to take the help of the currency converter. This specially designed online calculator lets you have a quick insight into the amounts you will have to pay and what you will get in return as per ongoing exchange rates. As in the case of DKK to INR, the results will be as follows:
1 DKK= INR 12.10
100 DKK= INR 1,210
1,000 DKK= INR 12,100, and
INR 1= 0.083 DKK
INR 1,000= 83 DKK
INR 10,000= 830 DKK.
How are DKK-INR Rates Determined?
The economy of any country is managed and administered by its official monetary authority. The same is the case for Denmark and India. The exchange rates of DKK-INR are decided by the national banks of both countries. The Reserve Bank of India and the Dan mark National bank are the institutions involved. The rates vary owing to the changes in various sectors. Changes in the price of international commodities, global oil prices, interest rate and inflation rate of both countries and the relations between both the countries as well. As in the case of DKK-INR, the rates keep on fluctuating since both currencies are not pegged to each other.
Currency and INR Overview
India and Denmark have maintained a positive friendly relationship for a long history and it is expected to grow further. Recently, both countries have also signed up for the 'Green Strategic Partnership' which is yet another example of growing relations between the countries. The bilateral trade has led to benefits for both Denmark and India. The current exchange rate of both currencies is INR 12.10/DKK. For anyone willing to convert their currency to another currency like DKK to INR or vice-versa, it is advised to use the currency converter to bring more clarity to their decision.
Disclaimer: The figures are for illustrations only, as the currency rates are subject to change.
Why Thomas Cook?
Personally visiting the local forex vendor and negotiating for the best Denmark Currency to INR exchange rate is now passé. You can sell forex at the most competitive exchange prices from the comfort of your home. Thomas Cook understands the importance of your Rupee and thus helps you convert DKK to INR at the most competitive market rates.
How can you sell forex online?
Log on to the Thomas Cook website, enter the required details and convert DKK to INR with just a few taps. Our expertise and commitment towards improving your experience has helped us become one of the world’s leading travel and forex partners. Travelers from across the world trust us for all the forex requirements. It’s time you do too.
Still have concerns regarding selling forex? Our forex experts are available to help you sell forex and get the best DKK to INR rate.
