What is the Currency in Denmark?
Planning a trip to Denmark? Whether you’re dreaming of wandering through the charming streets of Copenhagen, visiting the Tivoli Gardens, or cycling along the coastlines of Jutland, one essential question needs answering before you go: What is the currency in Denmark?
In this guide, we’ll walk you through everything you need to know about Danish currency — from its value, history, and denominations to whether you should be packing cash or relying on cards. Ready to learn the ins and outs of spending like a local in Denmark? Let’s dive in!
Currency in Denmark
The official currency in Denmark is the Danish krone, abbreviated as DKK and symbolised by kr. The word "krone" means "crown" in Danish, much like the currencies of its Scandinavian neighbours, Norway and Sweden, which also use versions of the krone. So, if you’re heading to Denmark, you’ll be spending krone — not euros!
Denmark is a member of the European Union, but it opted out of the euro in favour of retaining its traditional currency, the krone. This means that while you’re hopping between the cafes of Copenhagen or browsing the local markets in Aarhus, you’ll be paying in Danish kroner (not euros) for all your Danish delights.
Denominations of the Danish Krone
The Danish krone comes in several banknotes and coins, each designed with symbols of Denmark’s culture and history. Here’s a breakdown of the denominations:
Banknotes:
50 kr
100 kr
200 kr
500 kr
1,000 kr
Coins:
1 kr
2 kr
5 kr
10 kr
20 kr
Each banknote features one of Denmark’s iconic bridges on one side and a prehistoric object on the other, celebrating both the engineering feats and ancient history of the country. The coins are equally iconic, with the Danish crown symbol appearing on many of them. For more information on these designs, you can visit Danmarks Nationalbank, which offers detailed insights into Danish currency.
Does Denmark Use the Euro?
Though Denmark is part of the European Union, it does not use the euro. In fact, Denmark has an opt-out agreement with the EU and held a referendum in 2000, where the Danish people voted to keep their own currency, the krone. While some larger tourist attractions or hotels may accept euros in Denmark, it’s by no means guaranteed. You’ll definitely need Danish kroner for most of your purchases.
For travellers, this means it’s wise to stock up on Danish krone before you go. The Travelex Money Card, sponsored by Mastercard®, is a great option if you prefer going cashless. You can load it with Danish krone, lock in your exchange rate, and spend confidently wherever Mastercard prepaid is accepted.
History of the Danish Krone
The Danish krone has a long and fascinating history that reflects Denmark’s economic resilience and connection to its Scandinavian neighbours.
The Beginning of the Danish Krone
The Danish krone was introduced in 1875 as part of the Scandinavian Monetary Union, alongside Sweden and Norway. All three countries used a version of the krone, each tied to the gold standard. At the time, one krone was equal to 1/2480th of a kilogram of gold, providing stability to the currency system.
Although the Scandinavian Monetary Union dissolved in 1914 with the onset of World War I, Denmark retained the name krone for its currency, which it continues to use today. The Danish krone has evolved over time, but it remains deeply tied to Denmark’s cultural and economic identity.
The Modern Danish Krone
Since 1999, the Danish krone has been pegged to the euro in a fixed exchange rate policy. While Denmark does not use the euro, the Danish krone’s value is closely managed in relation to the European currency. This has provided stability to the currency, which is seen as one of the more stable European currencies despite Denmark’s independent stance.
For more on the history and the monetary policy surrounding the krone, visit Danmarks Nationalbank.
Where to Get Danish Krone
Denmark is a highly modern country, and most Danes use contactless payments or mobile apps like MobilePay, making it very easy to go cash-free.
That said, it’s always handy to carry a small amount of cash for smaller purchases, especially if you’re visiting rural areas or taking public transport where cash might still be preferred. You can easily order your Danish krone online from Travelex and have it delivered to your door or pick it up at a convenient collection point, including most major UK airports.
The Travelex Money Card is also an ideal companion for your trip. You can load it up with Danish krone, lock in your exchange rate, and use it wherever Mastercard prepaid is accepted, making it perfect for spending in Copenhagen’s cafes or shopping at the trendy stores in Aarhus.
FAQs About the Danish Krone
How Many Danish Krone to the Pound?
The exchange rate between the British pound (GBP) and the Danish krone (DKK) can fluctuate, but at the time of writing (October 2024), 1 GBP is worth around 8.5 DKK. Exchange rates do vary, so be sure to check the live rate with a currency converter before you exchange your money.
What is the Danish Krone Symbol and Currency Code?
The symbol for the Danish krone is kr, and its international currency code is DKK. This is what you’ll see on price tags in Denmark and when exchanging money.
What Currency Does Denmark Use?
Denmark uses the Danish krone (DKK). While euros might be accepted in some tourist-heavy areas, it’s always better to use Danish krone for your transactions to avoid exchange rate surprises. Be sure to exchange your pounds for kroner before you go!
How Much Cash to Bring to Denmark?
While Denmark has widely adopted card payments, it’s still a good idea to carry some cash — especially for smaller purchases, public transport, or in rural areas where card payments may not be available. Having about 500-1,000 DKK on hand should be enough for any smaller purchases or emergencies during your trip.
What are the Danish Krone Denominations
As mentioned earlier, the Danish krone is available in several denominations. Coins come in 1, 2, 5, 10, and 20 kr denominations, while banknotes are issued in 50, 100, 200, 500, and 1,000 kr denominations. The banknotes are quite beautiful, featuring famous Danish bridges and historical artifacts, while the coins often depict royal symbols.
Does Denmark Use the Euro?
No, Denmark does not use the euro. It exclusively uses the Danish krone (DKK). While some tourist spots may accept euros, it’s always best to use the local currency, Danish krone, to avoid any confusion or unexpected exchange fees.
Danish Krone History
The Danish krone has been Denmark’s official currency since 1873, following the establishment of the Scandinavian Monetary Union. Despite the union dissolving in 1914, Denmark continued to use the krone, and today it’s managed with a stable peg to the euro.
Ready to Buy Some Danish Krone?
You’ve done your homework, planned your Danish itinerary, and now you’re ready to buy some Danish krone!
Buy Danish krone online and enjoy free home delivery on orders over £500, or choose to click & collect from one of the convenient locations around the UK, including most major airports. Get great rates and pay no commission when you buy online now through Travelex.
Travelex Money Card
The Travelex Money Card, powered by Mastercard, is a smart, easy, and secure way to spend abroad. Load it up with Danish krone, lock in your exchange rate, and enjoy contactless spending wherever Mastercard prepaid is accepted. Plus, your account stays secure since the card is not linked to your bank account. Whether you’re paying for pastries in Copenhagen or dining at a seaside restaurant in Skagen, the Travelex Money Card has you covered. Get yours now through Travelex.
Armed with this guide, you’re ready to head off to Denmark with the confidence of a local! Whether you’re enjoying the vibrant culture of Copenhagen or soaking up the history in Aarhus, knowing how to navigate the Danish krone will make your trip smoother and more enjoyable. Safe travels!