How to send money to Malta from Denmark with the best DKK-EUR rate

The exchange rate determines how many DKK the recipient will get in Malta when you send Danish Krone.

Today, the average exchange rate between Danish Krone and Euro is 0.1338. The company offering the best exchange rate is Wise.

The DKK-EUR rate fluctuates constantly, so timing your transfer to Malta can help you save a lot of money.

The total cost of sending money to Malta from Denmark is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for DKK-EUR is 0.1338 EUR per Danish Krone.

• Fees: When sending money there may be additional fees. Key Currency offers the lowest fee of the 11 providers tested, costing 0 DKK per transfer (based on kr50,000 transferred).

• Amount Received: When comparing providers, the best measure is the amount of Euro eventually received in Malta.

Sometimes, waiting a day or two can help you get more EUR for the same amount of DKK. You can also opt for a forward contract to lock in rates between Denmark and Malta.

A bank transfer is the most cost effective option for sending money from Denmark to Malta.

Here are all the ways to send money from Denmark to Malta:

Bank transfers

The default option for sending money from Denmark to Malta is often a bank transfer.

Using a money transfer company, such as Key Currency for transfers from Denmark to Malta, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from Denmark to Malta with a prepaid or debit card is easy with Wise.


Wise is a leader in accepting card payments for transfers between Denmark and Malta.

Credit cards

When it comes to international credit card transfers from Denmark to Malta, we recommend comparing your options to get the best deal.

Always choose providers that are regulated by financial authorities to ensure funds are safe when transferring from Denmark to Malta.

If you don’t know what the key regulatory bodies for money transfers are between Denmark and Malta, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer from Denmark to Malta. This applies when receiving money in Malta as well.

Different companies will offer different rates or lower fees for different transfer amounts.

For example, we recommend using Wise if you need to send large amounts of DKK to Malta.

This being said, always check with the recipient and understand any declarations needed on large amounts of money leaving Denmark, or entering Malta.

There are different ways to receive money in Malta. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account.

If you (or the recipient) want a direct transfer to your bank account, Wise is the best money transfer company for bank transfers between Denmark and Malta.

And if you need cash right away, check if cash pickup is an option for transfers between Denmark and Malta.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Key Currency.

When you're sending or receiving money between Denmark and Malta, you have to be ready to show some ID.

The exact documents you need might vary. Usually in Denmark this will be a government ID like a passport or driver's license. This will be similar if you need to open an account or collect cash in Malta.

If you're making a big transaction between Denmark and Malta, a provider may ask you for proof of address or may want to know where your money comes from.

Wise is a great option for sending from Denmark as the sign up process is pretty straightforward, even for larger transactions.

When sending large amounts of money between Denmark to Malta there will be tax implications to consider.

Some DKK-EUR transfers may need to be reported to tax authorities, particularly where inheritance or property sales are involved.

Tax limits and personal allowances differ in Malta based on age, income and a few other elements. When in doubt, please contact a tax professional in Denmark or Malta to discuss your personal circumstances.