Convert 1040 Danish Krone (DKK) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on November 24th 2024 ( 11/24/2024 )
Below you will find the latest exchange rates for exchanging Danish Krone (DKK) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Danish Krone (DKK) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Danish Krone and Canadian Dollar on 11/24/2024 is 1 DKK = 0.1953 CAD - AVERAGE intraday quotes were used for this currency conversion.
DKK is the code for the official currency of Denmark and Greenland which is known as the krone and symbolized with "kr". The Faroe Islands also use a version of the krone, but the islands have there own specially printed banknotes that trade at 1:1 par with the Danish krone. The Faroe Islands krone is under complete monetary control of the Danmarks Nationalbank. The krone itself is pegged in value to the euro. Each krone is subdivided into 100 øre.
The Danmarks Nationalbank issues the currency in denominated coins valued at 50 øre, 1kr, 2kr, 5kr, 10kr, and 20 kr with notes printed in 50kr, 100kr, 200kr, 500kr, and 1000 kr denominations. The Faroese króna is issued in 25 oyrur , 50 oyrur, 1kr, 2kr, 5kr, 10kr, and 20kr with notes in denominations of 50kr, 100kr, 200kr, 500kr, and1000kr.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.
