The EURDKK represents the currency pair symbol that is the shortened term for the EUR against the Danish krone, pair or cross for the currencies of the Danish Krone (DKK) and the Euro (EUR). The currency pair EURDKK indicates how many Danish Krone (the quote currency) are needed to purchase one Euro (the base currency).
Let us see one interesting question – does DKK follow the euro:
Is DKK pegged to euro?
No, DKK is not pegged to the euro and there are oscillations in DKK price movements regarding the euro. However, the main monetary politics is based on a plan where the value of the Danish krone is to be kept stable against the euro.
For example, in 2021 and 2022. Danish krone was a very strong currency so the danish government tried several times for intervention. Just in 2021, the Danish central bank has dumped roughly 50 billion kroner ($8 billion) on the market in an effort to weaken the Danish krone currency (DKK).
EURDKK price prediction shows intention for rising in 2022 because the Danish central bank is trying to weaken the danish krone and they will try new interest rate cut too.
EURDKK Live Chart
Below is presented EURDKK live chart:
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