The currency pair of pound sterling to the Danish krone is popular with many Forex traders due to the stability and strong economies of Great Britain and the Kingdom of Denmark.
Denmark is very active in trading with the UK. Denmark is a state with a steadily growing economy anda developed industrial-agrarian complex. Denmark is rich in oil reserves, but is poor in minerals, which forces it to import. The main economic partners are the developed countries of the European Union.
For 2015, the UK economy in terms of GDP in terms of PPP was tenth. The leading direction of the British economy is the service sector. The UK provides 10% of global exports of services, including banking, brokerage, advisory and programming. The second most important sector of the economy is industry: mining (2.2% of GDP) and manufacturing (14.7% of GDP). The main export of the country is engineering, transport, industrial goods and chemicals. Oil production since the 1970s brought a significant profit in trade and allowed to reduce the import of petroleum products.
Using the current exchange rate chart, you can monitor the dynamics of a currency pair in real time.
The pair GBP / DKK is built on the principle of direct quotation. The base currency is GBP, the British pound, and the quoted currency is DKK, the Danish krone. The growth of the currency pair means the strengthening of the British pound against the Danish kroon, that is, to buy one GBP, more DKK is required. A decrease in the exchange rate indicates the strengthening of the Danish krone.
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 (Denmark’s National bank).
British pound, pound sterling or pound - (currency symbol: £, Bank code: GBP) is a currency that acts as the national currency of the United Kingdom of Great Britain and Northern Ireland (Great Britain), including England, Scotland, Wales and Northern Ireland. Also the pound is a parallel currency of the crown lands of Guernsey, Jersey and the Isle of Man. The pound sterling is a legal tender for the British overseas territories: the Falkland Islands, Gibraltar, St. Helena, Ascension and Tristan da Cunha. The Bank of England has the right of money issue and regulation.
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