Danish Krone

(redirected from Danish kroner)
Also found in: Dictionary, Thesaurus.
Related to Danish kroner: Danish krone

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 ?
Due to more favorable conditions in connection with the divestiture of activities than previously expected, the Company now expects net income for 2000 of approximately Danish kroner 60 million (approximately US$ 7.
Measured in millions of Danish kroner the two new contracts will ensure a large double-digit turnover during the coming years.
68 billion Danish Kroner (currently equaling approximately US$600 million) to Telenor ASA.
Measured in Danish kroner sales increased by 5%, equal to USD 3,034 (For convenience, Danish kroner has been translated to USD in this release, using the 30 September 2003 exchange rate of USD 1.
Additional currencies will be added over time with three Scandinavian currencies (Swedish Krona, Danish Kroner and Norwegian Krone) and the Singapore, Hong Kong and New Zealand Dollars due to become CLS Bank eligible currencies once all the requirements in CLS Bank's rules have been satisfied.
With the introduction of the Danish krone in CLS, settlement risk in foreign-exchange transactions in Danish kroner can be reduced significantly.
Novo Nordisk expects to report Danish kroner sales growth in 2006 of 11-13%, while operating profit is still expected to grow by slightly more than 10%.
As a result of the significant depreciation of key invoicing currencies versus Danish kroner, reported operating profit is now expected to grow by 6-8%.
Novo Nordisk increased sales by 14% in local currencies and -- due to a significant negative currency development -- by 9% in Danish kroner.
Sonion had a turnover in 2002 of approximately 600 million Danish kroner ($100 million) and today employs 2,300 people in Denmark, the Netherlands, Poland, USA, and China.
1 billion Danish Kroners (US$262 million) and is headquartered near Copenhagen, Denmark.

Full browser ?