Danish Krone

(redirected from Danish currency)
Also found in: Dictionary, Thesaurus.
Related to Danish currency: Currency converter

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Nationalbanken's move did not come surprisingly to the market, as the foreign exchange reserves are estimated to have swollen to DKK350bn and the Danish currency has become stronger, according to Danske Bank.
DENMARK-bound, my heart sank when the assistant at the Bureau de Change in Birmingham exclaimed: "Oh, we don't have many requests for Danish currency."
Spreading the fun over several days is the way to making the Danish currency last longer.

Full browser ?