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AUD to DKK Market Data
Australian dollar (AUD) to Danish krone (DKK) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the AUD to DKK Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Australian dollar against the Danish krone is to review how the AUD/DKK rate has changed over time.
The table below shows the percentage change in the AUD to DKK exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The USD to DKK exchange rate has experienced downward pressure lately, primarily from expectations of an aggressive easing cycle by the Federal Reserve.
Current market bias: The AUD to DKK exchange rate appears range-bound.
Key drivers:
- The interest rate differential is notable, as the RBA may raise rates to 3.85% to combat inflation, which could support the AUD.
- Danmarks Nationalbank's recent rate cut to 1.85% is aimed at defending its euro peg, putting downward pressure on the DKK.
- Rising commodity prices strengthen the AUD, benefiting Australian exports.
Near-term range: Expect the AUD to DKK exchange rate to remain stable, similar to recent performance.
What could change it: Upside risks include stronger-than-expected commodity prices, while downside risks involve increased global risk aversion potentially weakening the AUD.
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AUD to DKK is range-bound as the RBA may hike rates to 3.85%, bolstering the AUD. DKK feels pressure from a rate cut to 1.85% to support its euro peg. Rising commodity prices could strengthen the AUD, but global risk aversion may weigh heavily
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AUD to DKK Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Australian dollar are worth in Danish krone across a range of amounts.
This gives a quick view of what you’d get when converting different AUD amounts at today’s rate * :
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
For Travelers
Planning a trip to Denmark, known by the ISO code DK, involves budgeting appropriately for a comfortable experience in this Scandinavian country. For a 1-week mid-range stay, travelers should consider bringing around 7,000 to 10,000 DKK. This estimate covers daily expenses, including a meal at a local restaurant averaging 150 DKK, a cup of coffee at 35 DKK, and a single public transport ticket costing 24 DKK. A prepaid SIM card with basic data can cost approximately 100 DKK, while accommodation in a budget hotel or Airbnb typically ranges from 700 to 1,200 DKK per night. Denmark tends to be on the more expensive side compared to other destinations, especially when compared to the United States. In terms of dining and accommodation, Denmark is generally pricier than the U.S., and the cost of living is comparable to that in the United Kingdom or Australia, though slightly less than in Singapore.
For Expats
For those considering a longer stay, Denmark offers a blend of high living standards and modern amenities. Expats can expect typical monthly living costs to range from 12,000 to 25,000 DKK, depending heavily on lifestyle and family size. Renting an apartment in the city center can be costly, around 8,000 to 12,000 DKK per month, whereas utilities and groceries might total approximately 2,500 DKK. Banking in Denmark is straightforward, with easy access to ATMs and wide acceptance of international cards. However, it's advisable to have a local bank account, especially for various daily transactions and receiving salaries. For sending or receiving money, online transfer services like Wise or OFX are highly efficient and often more economical than traditional banks. Exchanging money locally can incur additional costs, so using these services or withdrawing cash from ATMs directly is usually preferable.
View a full list of exchange rates by selecting your Base (from) currency: