Danish Krone


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Related to Danish Krone: Swedish krona

Danish Krone

The currency of Denmark. It was introduced in 1873, replacing the Danish rigsdaler. It was part of the Scandinavian Monetary Union until the beginning of World War I. During this time, the krone was pegged to gold. It was variously pegged to the German Reichsmark and the British pound in the middle 20th century. Denmark later joined the Bretton Woods Agreement, which tied the krone to the U.S. dollar (and, by extension, to gold). It is currently pegged to the ERM II, which ties the krone to the euro but allows it to remain somewhat independent.
References in periodicals archive ?
Firstly, the Danish krone is pegged against the euro in ERM2 and only experiences small variations in value.
For the first time, iFOREX current clients and future investors will have access to the Danish Krone (DKK).
715 million Danish Krone in the equity of Beirholms Sapphire A/S, a home textile marketing company incorporated in Denmark.
A British auctioneer was sent a number of valuable works worth between 2-3 million Danish Krone.
Dollar, Australian Dollar, Bulgarian Lev, Danish Krone, Euro, British Pound, Iranian Rial, Swedish Krona, Swiss Franc, Japanese Yen, Canadian Dollar, Kuwaiti Dinar, Norwegian Krone, Romanian Leu, Russian Ruble and Saudi Riyal.

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