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DKK / USD · 56 years · 1971-2026

Danish Krone to US Dollar exchange rate history 1971 to 2026: the ERM II peg

One Danish Krone bought 0.1351 USD in 1971 and 0.1548 USD in 2026. The ERM II peg. The series covers 56 years of annual data.

2026 avg
0.1548
year to date
Highest avg
0.1975
2008
Lowest avg
0.0950
1985
Traded range
0.0808 to 0.2146
low 1985, high 2008
See the year-by-year table Get the data free

Source: Federal Reserve H.10 (DEXDNUS). Latest daily observation 2026-10-30.

DKK/USD Danish Krone to US Dollar
Annual average
1 DKK = 0.1494 USD

Latest available rate · 2026 average 0.1548

kr
2026 1 DKK = 0.1548 USD
15.48 USD
High 0.1604 Low 0.1488 Change -4.9%

Annual averages of daily observations.

At a glance

DKK/USD in four numbers

Change since 1971
+12.1%
55 complete years
Change over 10 years
+1.8%
2015 to 2025
Average annual change
+0.8%
standard deviation 11.1 points
Largest drawdown
55.0%
1978 to 1984
Relative moves

DKK/USD against related pairs

Each comparison uses the 2025 year-end change in this dataset, not a daily or monthly window.

  • EUR/SEK EUR/SEK moved -5.5% in 2025, while DKK/USD moved +13.2% over the same calendar year.
  • EUR/NOK EUR/NOK moved +0.6% in 2025, while DKK/USD moved +13.2% over the same calendar year.
  • SEK/USD SEK/USD moved +20.0% in 2025, while DKK/USD moved +13.2% over the same calendar year.

DKK/USD annual average, 1971 to 2026

Annual average with the full trading range for each year. average high–low range

0.07 0.11 0.15 0.19 0.23 1971 1980 1990 2000 2010 2026 1971: 0.1351 1972: 0.1438 1973: 0.1661 1974: 0.1644 1975: 0.1744 1976: 0.1655 1977: 0.1666 1978: 0.1816 1979: 0.1901 1980: 0.1777 1981: 0.1408 1982: 0.1202 1983: 0.1096 1984: 0.0968 1985: 0.0950 1986: 0.1239 1987: 0.1462 1988: 0.1487 1989: 0.1368 1990: 0.1620 1991: 0.1567 1992: 0.1661 1993: 0.1544 1994: 0.1577 1995: 0.1788 1996: 0.1725 1997: 0.1515 1998: 0.1494 1999: 0.1433 2000: 0.1239 2001: 0.1201 2002: 0.1272 2003: 0.1523 2004: 0.1672 2005: 0.1671 2006: 0.1684 2007: 0.1840 2008: 0.1975 2009: 0.1872 2010: 0.1781 2011: 0.1870 2012: 0.1728 2013: 0.1781 2014: 0.1784 2015: 0.1488 2016: 0.1487 2017: 0.1519 2018: 0.1586 2019: 0.1499 2020: 0.1531 2021: 0.1591 2022: 0.1416 2023: 0.1452 2024: 0.1451 2025: 0.1515 2026: 0.1548

Source: Federal Reserve H.10 (DEXDNUS). Figures are annual averages of daily observations.

DKK/USD since 1971

Danish Krone to US Dollar averaged 0.1351 USD in 1971 and 0.1515 USD in 2025, 12.1% higher across 55 complete years.

The annual average has ranged from 0.0950 in 1985 to 0.1975 in 2008. On individual trading days the series reached 0.0808 and 0.2146, a ratio of 2.7 to 1.

DKK/USD against related pairs

EUR/SEK moved -5.5% in 2025, while DKK/USD moved +13.2% over the same calendar year.

EUR/NOK moved +0.6% in 2025, while DKK/USD moved +13.2% over the same calendar year.

SEK/USD moved +20.0% in 2025, while DKK/USD moved +13.2% over the same calendar year.

What moves DKK/USD

DKK: The Danish krone is pegged to the euro through the European Exchange Rate Mechanism II, with a narrow band around a central rate.

USD: The US dollar is the world's main reserve currency and the base leg for most foreign exchange trading.

For DKK/USD, the DKK leg responds to European Central Bank policy, Danmarks Nationalbank peg defence, euro area inflation, while the USD leg responds to Federal Reserve policy, US inflation and Treasury yields, safe-haven demand. The exchange rate is the market's attempt to balance the two sets of forces.

The Danish krone's link to the euro

DKK/USD is a peg pair. The Danish krone is pegged to the euro through the European Exchange Rate Mechanism II, with a narrow band around a central rate.

The peg is the dominant fact. The rate is held inside a narrow band, so the annual average moves far less than a free-floating pair. That stability transfers the adjustment to domestic interest rates and the real economy rather than to the exchange rate.

Denmark pegs the krone to the euro through ERM II, so Danmarks Nationalbank follows European Central Bank policy closely. Over 55 complete years the average moved +12.1%, and the traded range was 0.0808 to 0.2146.

The five largest DKK/USD moves

Ranked by absolute year-end change, the five largest moves were 1985 (+26.3%), 1986 (+22.6%), 1987 (+20.3%), 2003 (+19.8%), 2002 (+17.9%). The biggest was 1985, when the rate moved from 0.0886 to 0.1119, a change of 26.3%.

Across 55 complete years the pair rose in 26 and fell in 28. The average annual change was +0.8% with a standard deviation of 11.1 percentage points, which is one way to compare its volatility with other pairs.

DKK/USD by decade

Grouped by decade, the annual average was 0.1653 in 1971-1979 and 0.1500 in 2020-2026. The widest decade-to-decade change was +22.9% between 1980-1989 and 1990-1999, when the average moved from 0.1296 to 0.1592.

The final bucket, 2020-2026, is a partial decade and includes the year-to-date 2026 average. The table below shows every bucket with its high and low, so the short-run moves and the long-run level can be read together.

How to read the DKK/USD data

The annual figures are averages of the daily observations in Federal Reserve H.10 (DEXDNUS). Highs and lows are the most extreme single observations in each calendar year, not intraday highs. No figure on this page is estimated or interpolated.

Key years

DKK/USD history: the years that moved the rate

Each event below is dated and tied to one of the currencies in this pair.

  1. 2000 2000-09-28

    Denmark rejects euro membership

    Danish voters rejected joining the euro by 53.2 percent to 46.8 percent, so Denmark kept the krone and its exchange rate link to the euro.

  2. 2008 2008-09-15

    Lehman Brothers files for bankruptcy

    The collapse of Lehman Brothers triggered a global financial crisis, a flight into the US dollar and extreme volatility across currency markets.

  3. 2020 2020-03-15

    Pandemic triggers a global dash for cash

    The COVID-19 shock caused a worldwide sell-off and a surge in demand for US dollars, followed by large central bank intervention and emergency rate cuts.

Full dataset

DKK to USD exchange rate by year

Every year since 1971: annual average, the year high and low, the year-end rate, and the change on the previous year.

Records and extremes
56 years
DKK/USD annual exchange rate history, 1971 to 2026
Year Average High Low Year end Change
1971 0.1351 0.1415 0.1332 0.1415 n/a
1972 0.1438 0.1463 0.1350 0.1461 +3.3%
1973 0.1661 0.1840 0.1449 0.1589 +8.7%
1974 0.1644 0.1778 0.1450 0.1773 +11.6%
1975 0.1744 0.1863 0.1604 0.1621 -8.6%
1976 0.1655 0.1732 0.1608 0.1727 +6.5%
1977 0.1666 0.1736 0.1614 0.1735 +0.5%
1978 0.1816 0.2088 0.1703 0.1970 +13.6%
1979 0.1901 0.1978 0.1808 0.1867 -5.3%
1980 0.1777 0.1875 0.1618 0.1664 -10.9%
1981 0.1408 0.1679 0.1237 0.1372 -17.6%
1982 0.1202 0.1366 0.1100 0.1193 -13.0%
1983 0.1096 0.1215 0.0995 0.1012 -15.2%
1984 0.0968 0.1068 0.0881 0.0886 -12.4%
1985 0.0950 0.1119 0.0808 0.1119 +26.3%
1986 0.1239 0.1372 0.1104 0.1372 +22.6%
1987 0.1462 0.1650 0.1367 0.1650 +20.3%
1988 0.1487 0.1635 0.1360 0.1458 -11.6%
1989 0.1368 0.1520 0.1266 0.1517 +4.0%
1990 0.1620 0.1770 0.1493 0.1730 +14.1%
1991 0.1567 0.1796 0.1410 0.1689 -2.4%
1992 0.1661 0.1861 0.1537 0.1593 -5.7%
1993 0.1544 0.1658 0.1412 0.1473 -7.6%
1994 0.1577 0.1716 0.1459 0.1644 +11.6%
1995 0.1788 0.1871 0.1630 0.1803 +9.7%
1996 0.1725 0.1799 0.1670 0.1697 -5.9%
1997 0.1515 0.1697 0.1396 0.1460 -14.0%
1998 0.1494 0.1634 0.1414 0.1572 +7.7%
1999 0.1433 0.1586 0.1346 0.1352 -14.0%
2000 0.1239 0.1387 0.1110 0.1259 -6.9%
2001 0.1201 0.1278 0.1125 0.1197 -4.9%
2002 0.1272 0.1411 0.1156 0.1411 +17.9%
2003 0.1523 0.1691 0.1395 0.1691 +19.8%
2004 0.1672 0.1832 0.1584 0.1820 +7.7%
2005 0.1671 0.1813 0.1565 0.1588 -12.8%
2006 0.1684 0.1787 0.1590 0.1771 +11.5%
2007 0.1840 0.1993 0.1731 0.1959 +10.6%
2008 0.1975 0.2146 0.1671 0.1869 -4.6%
2009 0.1872 0.2029 0.1684 0.1926 +3.1%
2010 0.1781 0.1954 0.1608 0.1780 -7.6%
2011 0.1870 0.1995 0.1737 0.1745 -1.9%
2012 0.1728 0.1811 0.1622 0.1768 +1.3%
2013 0.1781 0.1852 0.1713 0.1848 +4.5%
2014 0.1784 0.1866 0.1625 0.1625 -12.1%
2015 0.1488 0.1614 0.1411 0.1455 -10.5%
2016 0.1487 0.1547 0.1396 0.1419 -2.5%
2017 0.1519 0.1618 0.1401 0.1615 +13.8%
2018 0.1586 0.1678 0.1509 0.1534 -5.0%
2019 0.1499 0.1544 0.1461 0.1503 -2.1%
2020 0.1531 0.1651 0.1430 0.1644 +9.4%
2021 0.1591 0.1653 0.1506 0.1522 -7.4%
2022 0.1416 0.1544 0.1294 0.1439 -5.5%
2023 0.1452 0.1508 0.1402 0.1484 +3.1%
2024 0.1451 0.1500 0.1388 0.1388 -6.5%
2025 0.1515 0.1587 0.1368 0.1571 +13.2%
2026 YTD 0.1548 0.1604 0.1488 0.1494 -4.9%

1971–2026 · 55 complete calendar years. Annual figures are averages of available daily observations. 2026 is year to date: the average is based on 209 published trading days through 2026-10-30.

Data through 2026-10-30 · Federal Reserve H.10 (DEXDNUS) · Methodology Download CSV
Long view

DKK/USD by decade

Annual averages grouped into decade buckets. The first and last buckets may cover fewer than ten years.

DKK/USD decadal average exchange rate
Period Average High Low vs previous
1971–1979 0.1653 0.2088 0.1332 n/a
1980–1989 0.1296 0.1875 0.0808 -21.6%
1990–1999 0.1592 0.1871 0.1346 +22.9%
2000–2009 0.1595 0.2146 0.1110 +0.2%
2010–2019 0.1652 0.1995 0.1396 +3.6%
2020–2026 0.1500 0.1653 0.1294 -9.2%

Average of the annual averages in each period. The first and last rows cover partial decades.

Largest moves

Five largest DKK/USD moves

The largest absolute year-end changes in the published series, using complete calendar years only.

  1. 1985 +26.3% 0.0886 to 0.1119

    Year-end rate moved from 0.0886 to 0.1119, a change of 26.3%.

  2. 1986 +22.6% 0.1119 to 0.1372

    Year-end rate moved from 0.1119 to 0.1372, a change of 22.6%.

  3. 1987 +20.3% 0.1372 to 0.1650

    Year-end rate moved from 0.1372 to 0.1650, a change of 20.3%.

  4. 2003 +19.8% 0.1411 to 0.1691

    Year-end rate moved from 0.1411 to 0.1691, a change of 19.8%.

  5. 2002 +17.9% 0.1197 to 0.1411

    Year-end rate moved from 0.1197 to 0.1411, a change of 17.9%.

FAQ

DKK/USD history: common questions

What was the DKK/USD rate in 1971?

One DKK averaged 0.1351 USD in 1971, with a range of 0.1332 to 0.1415 and a year-end rate of 0.1415.

What was the biggest single-year move in DKK/USD?

1985 was the largest, at +26.3%. The year-end rate moved from 0.0886 to 0.1119.

What is the highest DKK/USD rate on record?

The highest annual average was 0.1975 in 2008. The highest single observation was 0.2146 in 2008.

What is the lowest DKK/USD rate on record?

The lowest annual average was 0.0950 in 1985. The lowest single observation was 0.0808 in 1985.

How is the DKK/USD rate calculated?

The annual figures are averages of daily observations in Federal Reserve H.10 (DEXDNUS). Highs and lows are the most extreme single observations in each calendar year.

What is the DKK/USD rate in 2026?

The 2026 average is 0.1548 USD per DKK, based on the year to date. The latest complete year, 2025, averaged 0.1515.

Programmatic access

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