Danish krone / Norwegian krone

stockPerformance $-0.008 (-0.57%)
Updated: 18 Jan, 3:16 pm UTC
No Trading Data Available
The Danish Krone (DKK) is the official currency of Denmark. As an investment or trading instrument, the DKK reflects the performance of the Danish economy. Investors may use the DKK to hedge against macroeconomic risks, such as volatility in the Euro-zone or other external currency movements. Additionally, the DKK provides investors with a way to diversify their portfolios and access the Danish economy. As a currency traded on global markets, the DKK’s exchange rate is determined by demand and supply of the currency. This, in turn, affects the cost of investments denominated in the currency. Therefore, the DKK is an important instrument for investors to consider within their wider portfolio.