Despite
being a member of the European Union, Denmark is one of the member
Countries that opted not to adopt the Euro currency. The Danish
Kroner is the Country’s official currency having been introduced
in 1873. It is also used as the currency of the Faroe Islands which
though is independent has always had strong political links with
Denmark.
Denominations:
One Danish Kroner is equivalent to 100 Ore. Coin denominations
exist for 25 and 50 Ore and 1, 2, 5, 10 and 20 Kroner. Bank notes
exist for 50, 100, 200, 500 and 1000 Kroner.
Exchange Rates against major currencies:
The Danish Kroner has always traded strongly against major international
currencies. Local media and banks display exchange rates against
major currencies. Distribution of the currency is regulated by
the Danish National Bank which also displays official rates.
At the time of writing, 1 American Dollar was equivalent to 5.824
Kroner, 1 British Pound is equivalent to 10.995 Kroner and 7.452
Euros.