Status
Denmark has not introduced the euro. The EU Treaty gives Denmark the right to remain outside the euro area, even when all convergence criteria are met (opt-out).
The Danish krone joined the Exchange Rate Mechanism II (ERM II) on 1 January 1999 and observes a central rate of 7,46038 to the euro with narrow fluctuation margins of ±2.25%.
Exchange rate
The current euro to Danish krone foreign exchange reference rate can be consulted on the website of the European Central Bank (updated daily).
Institutions
- Danmarks Nationalbank (National Bank of Denmark, also in English)
- Finansministeriet (The Danish Ministry of Finance, also in English)
- De Økonomiske Råd (The Danish Economic Council, also in English)