7.46 DKK
-0 (-0.00%)

EURDKK Key Statistics

Open price
7.46072
High today
7.46104
Low today
7.45986
52 Week high
7.46433
52 Week low
7.45145
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification
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About EURDKK

EURDKK is an exotic-cross currency pair consisting of the euro (EUR) and the Danish krone (DKK). It shows how many Danish kroner are needed to buy one euro. Although not as popular as major and minor currency pairs, traders choose to trade EURDKK because Denmark's and the Eurozone's economies are highly stable and predictable.

What is EURDKK?

The EURDKK represents the exchange rate between the Euro which is the currency of EU countries and the Danish Krone, i.e., the currency of Denmark. It means that EURDKK represents the number of DKKs required to buy one EURO. Suppose the exchange rate value is 7.532, traders must have 7.532 DKKs to buy one EURO.

Moreover, the underlying countries of both currencies are heavily reliant on exports. For instance, the Eurozone exports manufactured goods such as automobiles, machinery, and chemicals. On the other hand, Denmark exports renewable energy, machinery, and pharmaceuticals. If the export is hindered for any reason, it directly affects both economies, leading to fluctuations in the exchange rate. Investors who want to learn how to trade EURDKK can analyze this currency pair on SimpleFX platform with a demo account

How does EURDKK work?

It works through trading in the forex market on online platforms like SimpleFX. It provides solutions such as a demo account, which enables traders eager to learn how to invest in EURDKK start without risking their real assets.

The EURDKK is a minor currency pair with relatively low trading volume and liquidity compared to other major currency pairs. Moreover, it is influenced by various factors and correlates with other pairs as well. These are correlation with other currency pairs, monetary policy decisions, economic data, and many more.

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