The currency pair is the Australian dollar to the Danish krone.
The Australian dollar, also called the aussie, is a typical commodity currency, as its price is influenced by the prices of minerals exported by Australia. The largest importer of iron ore, coal and other natural resources is China, the state of its economy also has an impact on the volume of exports and, accordingly, the rate of the Australian dollar.
The Kingdom of Denmark is equally well developed in industrial and agricultural production, including engineering and metalworking, as well as meat, dairy farming and fishing. Production and export to neighboring European countries of oil and gas are being carried out. Denmark has a large number of ports and, thanks to the Öresund Bridge, which provides road and rail traffic, is the key transport hub between Scandinavia and Europe.
At the 2000 referendum, the majority (53%) of the population opposed the move to the euro, but Denmark follows the recommendations of the European Monetary Union.
The AUD / DKK pair is built on the principle of direct quotation. The base currency is AUD - Australian dollar, and quoted - DKK, Danish krone. The growth of the currency pair means the strengthening of the Australian dollar against the Danish krone, that is, for the purchase of one AUD, more DKK is required. A decrease in the exchange rate indicates the strengthening of DKK.
Using the current exchange rate chart, you can monitor the volatility of a currency pair in real time.
Australian dollar - (bank code: AUD) - the official currency of the Commonwealth of Australia, also has circulation on the islands of Christmas, Cocos Islands and Norfolk Island. In addition, AUD has circulation in the states: Kiribati, Nauru and Tuvalu. The issue of the Australian dollar, as well as the regulation of the Australian banking and monetary system is carried out by the Reserve Bank of Australia (RBA).
Danish krone - (bank code: DKK) is the official currency of the Kingdom of Denmark, it also has circulation in Greenland and the Faroe Islands. The Danish krona is issued by the National Bank of Denmark (Denmark’s National Bank).
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