Course EUR(Euro)-DKK(Danish Krone) for today

Euro

The central bank in Europe is called the European Central Bank (ECB). Currently, 17 EU member states have adopted the Euro. It is the second-most traded currency on the forex market, after the US Dollar, and also a major global reserve currency. Other common names for the Euro include Yoyo (Irish English), Leru (Spanish), and Ege (Finnish).

• Central bank: The European Central Bank
• The euro is used by over 320 million Europeans and 17 nations in the eurozone (euro area).
• Over 175 million people use currencies pegged to the euro, such as the Danish krona (DKK) and West African CFA franc (XOF).
• Eurozone economies vary widely. Germany is the largest economy, and a leading world exporter. Other economies (Ireland, Greece) endure sovereign debt and severe government austerity measures.

Danish Krone

Currency in Denmark first came into existence in 1625 with the introduction of the Danish Rigsdaler. The Rigsdaler was a complicated currency, using three subunits: the mark, skilling, and pfenning. The system lacked decimalization and continued to be used until the creation of Scandinavian Monetary Union in 1873. The Union obligated Denmark, Norway, and Sweden to fix their respective currencies against gold, at par with one another, to create monetary stability.

• Central bank: Danmarks Nationalbank
• The Danish krone (meaning “crown”) is pegged to the euro.
• Denmark preserves its currency through a special "opt-out" provision from the Maastricht Treaty. Danes rejected adopting the euro in referendums in 1993 and 2000.
• Denmark has a thoroughly modern market economy. Its world-leading firms employ state-of-the-art high-tech in varied industries.
• Exports include machinery and instruments, meat and dairy products, fish, pharmaceuticals, furniture, windmills.
• The krone is also used in Greenland and Faroe Islands.