Danish Krone

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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 ?
Sales growth and operating profit growth reported in Danish kroner are now expected to be 6 and 9 percentage points lower than in local currencies, respectively.
The agreement covers Alere Medical's DayLink wireless patient information monitor and is estimated to be worth an eight-figure sum in Danish kroner.
The agreement represents a market value of a double-digit million amount in Danish kroner, the company said.
The six-year framework agreement was valued at a three-digit million Danish kroner and would cover IP networks as well as landline and mobile telephony for CSC.
The exact value of the contract was not disclosed but according to NetDesign it would be in the two-figure million Danish kroner class.
Danish pharmaceutical company Novo Nordisk A/S issued its nine-month report on Wednesday (29 October), posting an operating profit of DKK4,575m, which was a 5% increase compared to the first nine months of 2002 measured in Danish kroner.
The Danish pharmaceutical company Novo Nordisk A/S issued its interim report for the first half of the year on Wednesday (6 August), posting an operating result of DKK2,939m, a 3% increase compared to the same period last year measured in Danish kroner.
The US dollar exchange rate has reportedly fallen below seven Danish kroner for the first time since October 1999.

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