NOK/DKK
Market Open
15 Jun, 10:59
kr
0. 677200
-0.00071
-0.1047%
kr
17,384 Volume
kr 0.67791
Previous Close Want to track NOKDKK and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
NOKDKK Overview
NOKDKK denotes the exchange rate between the Norwegian Krone and the Danish Krone, showing how many Danish kroner are required to buy one Norwegian krone. It is quoted as a base/quote pair (NOKDKK) and reflects relative valuation between two Nordic currencies.
The Norwegian Krone (NOK) is the official currency of Norway and its dependent territories. Issued and regulated by Norges Bank, the krone is used for domestic transactions and pricing of many Norwegian exports, and its value is often sensitive to commodity prices and domestic economic conditions.
Denmark’s official currency is the Danish Krone (DKK), administered by Danmarks Nationalbank. The krone serves as Denmark’s legal tender and underpins payments and financial contracts within the country; it also plays a role in the broader Scandinavian financial landscape.
Movements in the NOKDKK rate arise from market supply and demand and are influenced by interest rate differentials, inflation trends, central bank policy decisions, and broader geopolitical or risk-off events. Commodity price shifts, particularly oil and gas, can also affect the Norwegian currency more directly.
For market participants, NOKDKK matters for cross-border trade, corporate hedging, currency risk management and speculative trading, as small regional shifts can have meaningful impacts on profit margins and investment returns.
The Norwegian Krone (NOK) is the official currency of Norway and its dependent territories. Issued and regulated by Norges Bank, the krone is used for domestic transactions and pricing of many Norwegian exports, and its value is often sensitive to commodity prices and domestic economic conditions.
Denmark’s official currency is the Danish Krone (DKK), administered by Danmarks Nationalbank. The krone serves as Denmark’s legal tender and underpins payments and financial contracts within the country; it also plays a role in the broader Scandinavian financial landscape.
Movements in the NOKDKK rate arise from market supply and demand and are influenced by interest rate differentials, inflation trends, central bank policy decisions, and broader geopolitical or risk-off events. Commodity price shifts, particularly oil and gas, can also affect the Norwegian currency more directly.
For market participants, NOKDKK matters for cross-border trade, corporate hedging, currency risk management and speculative trading, as small regional shifts can have meaningful impacts on profit margins and investment returns.
NOKDKK Chart
NOKDKK FAQ
What is the current NOK/DKK price?
The current rate is kr0.677200, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the NOK/DKK rate changed today?
The rate has changed by -0.00071 (-0.1047%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was kr0.677910, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is NOK/DKK moving up or down?
Movements in NOK/DKK are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (-0.1047%) is based on the difference between the current rate and the previous closing rate.
Is NOK/DKK trending up or down right now?
If the current rate (kr0.677200) is below the previous close (kr0.677910), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for NOK/DKK directly on this page.
