   USDDKK Price | SimpleFX: Free Trading & Investing App                                            
```json
{ "@context": "https://schema.org", "@type": "FinancialProduct", "name": "USD/DKK", "description": "Trade USD/DKK with SimpleFX. Real-time forex trading with competitive spreads, and professional trading platform.", "identifier": "USDDKK", "category": "Forex", "provider": { "@type": "FinancialService", "name": "SimpleFX", "url": "https://basitfx.com", "description": "Online Trading Platform", "areaServed": "Worldwide" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/usddkk" }, "url": "https://basitfx.com/instruments/usddkk", "sameAs": [ "http://www.nationalbanken.dk/da/Sider/default.aspx" ], "offers": { "@type": "Offer", "price": 6.38101, "priceCurrency": "DKK", "availability": "https://schema.org/InStock", "seller": { "@type": "FinancialService", "name": "SimpleFX" } }, "additionalProperty": [ { "@type": "PropertyValue", "name": "Spread", "value": "0.00074 pips" }, { "@type": "PropertyValue", "name": "Contract Size", "value": 100000 }, { "@type": "PropertyValue", "name": "Margin Currency", "value": "DKK" } ] }
```
 
```json
{ "@context": "https://schema.org", "@type": "InvestmentOrDeposit", "name": "USDDKK Trading", "description": "Learn how to trade USDDKK with SimpleFX's professional trading platform.", "category": "Trading Strategy", "provider": { "@type": "FinancialService", "name": "SimpleFX" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/usddkk" } }
```
 
```json
{ "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://basitfx.com" }, { "@type": "ListItem", "position": 2, "name": "Instruments", "item": "https://basitfx.com/instruments" }, { "@type": "ListItem", "position": 3, "name": "Forex", "item": "https://basitfx.com/instruments/?category=forex" }, { "@type": "ListItem", "position": 4, "name": "USDDKK" } ] }
```
 
```json
{ "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is USD/DKK (USDDKK) and how can I trade it?", "acceptedAnswer": { "@type": "Answer", "text": "USD/DKK (USDDKK) is a forex CFD available on SimpleFX. You can trade it by creating a free account, depositing funds, and opening a position directly from the trading platform. No minimum deposit is required." } }, { "@type": "Question", "name": "What is the spread on USDDKK?", "acceptedAnswer": { "@type": "Answer", "text": "The target spread on USDDKK at SimpleFX is 0.00074 pips. SimpleFX uses a spreads-only pricing model with no additional commissions." } }, { "@type": "Question", "name": "What leverage is available for USDDKK?", "acceptedAnswer": { "@type": "Answer", "text": "USDDKK can be traded with up to 1:1000 leverage on SimpleFX, which corresponds to a margin requirement of 0.10%. Leverage amplifies both potential gains and losses." } }, { "@type": "Question", "name": "What currency is USDDKK margined in?", "acceptedAnswer": { "@type": "Answer", "text": "USDDKK positions on SimpleFX are margined in DKK. Your account balance in DKK is used to cover the margin requirement for this instrument." } }, { "@type": "Question", "name": "What is the contract size for USDDKK?", "acceptedAnswer": { "@type": "Answer", "text": "The standard contract size for USDDKK on SimpleFX is 100000. Position sizes are calculated based on this contract unit." } } ] }
```
 

78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider.

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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*   USDDKK

[USDDKK exchange rate](https://app.basitfx.com/instruments/USDDKK)
==================================================================

USD/DKK
-------

6.38042 DKK

+0 (+0.24%)

1H

4H

1D

1W

1MN

USDDKK Key Statistics
---------------------

Open price

6.36635

High today

6.38809

Low today

6.36274

52 Week high

6.57241

52 Week low

6.17981

##### Trading hours

\-12:00

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UTC 00:00

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UTC 00:00

Sunday

\-

Monday

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Tuesday

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Wednesday

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Thursday

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Friday

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Saturday

\-

##### Symbol trading specification

Description

USDDKK

Exchange

OTC

Base Currency

USD

Quote Currency

DKK

Contract size

100000

Margin

0.10%\*

\* for 1:1000 account leverage

Tick size

0.00001

Target Spread

0.00074

Stop levels

0

Swap - Buy

0.0014%

Swap - Sell

\-0.0082%

Minimum contract size

0.01

Maximum contract size

100

Type

Forex

[Trade USD/DKK](https://app.basitfx.com/instruments/USDDKK/chart)

### About USDDKK

**The USDDKK pair is an exotic pair with notably high volatility. It consists of the US dollar (USD) as the base currency and the Danish krone (DKK) as the quote currency. The economies of the United States of America and Denmark mainly drive USDDKK. This pair refers to how many DKK are needed to buy one USD.**

#### What is USDDKK?

The US dollar vs. Danish krone is the exchange rate between the currencies of the United States of America (USD) and Denmark, Greenland, and the Faroe Islands (DKK). The USD is the top traded currency on the forex market and is the reserve currency. It's involved in most global currency transactions and is a benchmark for many currencies. On the other hand, DKK is generally considered a minor or exotic currency with a lower trading volume and liquidity. However, it's most actively traded in the local markets. Besides, some factors significantly impact the pair's price. These factors include economic conditions, monetary policies of the United States and Denmark, and other market aspects, which are geopolitical events, commodity prices, or trade relations. It's essential for those who want to understand [how to invest in USDDKK](/how-to-invest-in/USDDKK).

#### How does USDDKK work?

The traders and investors might benefit from the USDDKK price fluctuations. Yet, every strategy should involve risk management to deal with potential losses. That's why SimpleFX provides a demo account where investors can learn [how to trade USDDKK](/how-to-trade/USDDKK). It gives access to the simulation of real-time market conditions without financial risks. When these currencies are paired, the USDDKK tells about the exchange rate between the currencies. Simply put, it describes how many DKK are required to purchase one USD. Knowing about it is vital for tourism, businesses, or investing in the currencies on the forex market. The USDDKK is an exotic pair that has wider spreads and low liquidity. The pair also has correlations with other currency pairs, which show the statistical relationship between the currency pair and others. Moreover, it must be noted that trading the currency pairs, including the USDDKK, involves many risks.

#### USDDKK price history

Before investing in the currency pair, tracking its past performance is extremely important. That's why investors can find last years' performance of the USDDKK pair below:

**2018**

At the beginning of 2018, the USDDKK exchange rate was 6.1979 DKK; by the year's end, it increased to 6.5111 DKK. The best rate for the year was 6.6449 DKK on 12th November, and the worst rate was 5.9514 DKK on 1st February. The annual mean exchange rate was 6.3177 DKK.

**2019**

The year started with the exchange rate at 6.5133 DKK and closed at 6.6632 DKK. The highest exchange rate value was 6.8514 DKK on 30th September, and the lowest was 6.464 DKK on 9th January. The year's average exchange rate was 6.6698 DKK.

**2020**

On 1st January 2020, the USDDKK price was 6.6598 DKK; on 31st December 2020, it dropped to 6.0919 DKK. The maximum and minimum exchange rates were 7.0131 DKK on 19th March 2020 and 6.0501 DKK on 30th December 2020. Moreover, the year's average exchange rate was 6.5388 DKK.

**2021**

The year commenced with the USDDKK price at 6.093, and when it ended, the price was 6.5389, a massive increase. The best exchange rate was 6.6381 DKK on 24th November 2021, and the worst was 6.0293 DKK on 6th January 2022. 6.2902 DKK was the year's average exchange rate.

**2022**

At the start of 2022, the USDDKK price was 6.5389 DKK, and the year ended at 6.9477 DKK. The year's best exchange rate was 7.759 DKK on 27th September, and 6.4939 DKK was the worst value on 13th January. The annual mean exchange rate was 7.0763 DKK.

#### Current USDDKK price

The current **USDDKK price** is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

#### Is USDDKK a good investment?

Whether USDDKK is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors worldwide.

[Read more Close](#)

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