Denmark, formally known as the Kingdom of Denmark, is a country in northern Europe. Despite being a member of the European Union, nationwide referendums over recent years have rejected the adoption of the euro, so the country has maintained its official currency: the Danish krone (DKK). As Danish territories, the Faroe Islands and Greenland also use DKK as their legal tender.
The current exchange rate for the Danish Krone (DKK) is 6.86176 DKK per American Dollar (USD) as of the time this was written. The DKK reached a high of 6.8618 DKK per USD and a low of 6.7559 DKK per USD during the last 90 days. The average exchange rate over the last 90 days was 6.8344 DKK per USD.
The DKK had an average volatility rate of 0.31% against the USD for the last 90 days. This is a moderate volatility rate, and the DKK has stabilized further in the last 30 days. Going forward, you can reasonably expect moderate fluctuations in exchange rates to continue, barring any unforeseen circumstances.
The fastest way to send money to Denmark is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Danish destination in a matter of minutes. Furthermore, their fast option is reasonably cheap, too. Ria Money Transfer’s fast option is cheaper than much of the (much) slower competition, making their service a well-rounded option.
The cheapest way to send money to Denmark is through OFX. With OFX, you only pay a small percentage of each transaction. OFX does carry a minimum transfer size requirement which is significantly higher than the competition. Despite this, their rates cannot be beaten as long as you send more money at once. Also, the more money you send through OFX in a single transfer, the cheaper the transfer becomes. The result is the best rates on the market. Furthermore, it typically only takes a day or two for your money to reach its Danish destination.
What’s The Easiest Way To Send Money To Denmark?
The easiest way to send money to Denmark is through TransferWise. TransferWise makes it easy to send money through their simple three-step process after you set your account up. First, you need to tap the amount of money you want to send. After that, just tap in the destination. After you have done that and paid TransferWise for the transaction, your money should arrive in Denmark in a day or two.
The overall best way to send money to Denmark is through OFX. With OFX, you’re getting great rates and using a platform which is quite intuitive and easy to use. The OFX platform is well-rounded, affordable, and moderately fast in its delivery times, making it the best-rounded option for sending money to Denmark.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com