Currency pair Euro - Danish krone (EUR / DKK).
The European economy is steadily growing, which is reflected in the euro exchange rate. By 2018, unemployment rates in a number of countries are at a minimum level. The situation in the EU affects all countries in Europe, even those who are not part of the European Union or have not introduced the euro and have retained their national currency. The volatility of the EUR / DKK, the euro and the Danish krone, is paramount for determining the other currencies paired with the krone.
The Kingdom of Denmark is equally well developed industrial and agricultural production. Including engineering and metalworking, as well as meat and dairy farming, 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.
Denmark is a member of the European Union, but during the 2000 referendum, it was decided to keep the krone by a small majority of 53% against 47%. In 1999, the Danish krone exchange rate was pegged to the euro, as part of the accession to ERM II (European Exchange Rate Mechanism). The European exchange rate mechanism limits fluctuations in currencies relative to the "central rate". For the Danish krone, the central rate is 7.46038, and the allowable fluctuation is 2.25% (in fact, the corridor does not exceed 1%).
The currency pair EUR / DKK is built on the principle of direct quotation. The base currency is EUR, the euro, and the quoted currency is DKK, the Danish krone. The appreciation of the currency pair means the strengthening of the euro against the Danish kroon, that is, to buy one EUR, more DKK is required. The downgrade indicates the strengthening of DKK. Using the current exchange rate chart, you can monitor the volatility of the currency pair in real time.
Euro (currency sign - €, bank code: EUR) - official currency of 19 eurozone countries (Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia , Finland, France, Estonia). Also, the currency is used in nine countries that are not members of the euro area. The Euro is managed by the European System of Central Banks (ESCB), led by the European Central Bank (ECB).
Danish krone - (bank code: DKK) is the official currency of the Kingdom of Denmark, it also has circulation in Greenland and the Faroe Islands. Danish krona is issued by the National Bank of Denmark (Danmarks Nationalbank).
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