Planning a trip to Denmark often comes with practical questions, and one of the first is about money.
Many visitors assume that Denmark, as a member of the European Union, must be using the euro. The reality, however, is a little different.
To help you prepare for your visit, this guide explains everything you need to know about currency in Denmark, from the Danish krone to paying by card, exchanging money, and what to expect as a traveler.
What Currency Does Denmark Use?
Denmarkโs official currency is the Danish krone (DKK). One krone is divided into 100 รธre, although coins under 50 รธre are no longer in circulation.
Banknotes come in denominations of 50, 100, 200, and 500 kroner, while coins range from 1 to 20 kroner.
Unlike countries such as Germany, France, or Spain, Denmark has chosen to keep its own currency despite being part of the EU.
The krone has been in use for more than 140 years and remains central to the Danish economy.
For up-to-date exchange rates, you can check sites like XE Currency, which will give you the latest conversion from your home currency to Danish kroner.
The History of the Danish Krone
The Danish krone was introduced in 1875 as part of the Scandinavian Monetary Union, a partnership between Denmark, Sweden, and Norway that lasted until World War I.
Although the union dissolved, the countries decided to keep their own versions of the krone, which is why youโll still see similar names today in Sweden (โkronaโ) and Norway (โkroneโ).
Over time, the Danish krone has remained stable thanks to Denmarkโs careful monetary policy.
Since 1999, the krone has been pegged closely to the euro through the Exchange Rate Mechanism (ERM II). This means the currency doesnโt fluctuate dramatically against the euro, keeping prices predictable for businesses and travelers alike.
Can You Pay With Euro in Denmark?
While Denmark does not use the euro, you may still encounter places that accept it, particularly in tourist-heavy areas like Copenhagen, Aarhus, or Billund (home of Legoland).
Large hotels, some shops, and attractions may allow you to pay in euros. However, you should expect less favorable exchange rates and, in many cases, your change will be given in kroner, not euros.
If youโre planning on exploring outside the main cities, it is best to have kroner on hand or use your card. Small cafes, local shops, and public services rarely accept euros.
For the most reliable experience, plan to use kroner or pay with a debit or credit card.
Where Can You Exchange Money in Denmark?
If you want to carry cash, you have several options:
- Banks: Most banks in Denmark offer currency exchange, though opening hours can be limited.
- Currency exchange offices: Available in larger cities and at Copenhagen Airport.
- ATMs: Found across the country and often the easiest way to withdraw kroner using your home bank card.
Itโs worth checking with your bank at home to see what fees may apply for international withdrawals. Many travelers find that using an ATM in Denmark provides better rates than bringing foreign cash to exchange locally.
Paying by Card vs. Cash in Denmark
Denmark is one of the most cashless societies in the world. Cards, particularly Visa and Mastercard, are widely accepted everywhere from supermarkets to small bakeries. Mobile payments such as Apple Pay and Google Pay are also commonly used.
Carrying large amounts of cash is not necessary, and many Danes rarely use it at all. In fact, some shops and restaurants may not accept cash, preferring card payments. This is especially common in urban areas.
For travelers, using a card is the easiest and most efficient way to pay. Just make sure to inform your bank before your trip to avoid blocked transactions.
Danish Krone vs. Euro โ Whatโs the Difference?
The Danish krone (DKK) and the euro (EUR) are two separate currencies. Here are some key differences:
- Value: 1 euro is typically worth around 7.5 kroner (though this rate can change slightly).
- Design: Danish banknotes and coins feature Danish cultural icons and monarchs, unlike the euroโs standard design.
- Use: The euro is the official currency of 20 EU countries, while Denmark has kept the krone under a special opt-out agreement.
The close peg between the krone and the euro means that prices in Denmark often feel similar to eurozone countries, though Denmark is generally considered more expensive.
Travel Money Tips for Visitors to Denmark
To make the most of your trip, here are some practical money tips:
- Rely on cards: You wonโt need much cash. Carrying a small amount of kroner for emergencies is useful, but most transactions are digital.
- Check your bank fees: Some cards charge foreign transaction fees. Consider a travel-friendly card if possible.
- ATMs are safe: Denmark is a very safe country, and ATMs can be found in airports, stations, and city centers.
- Avoid exchanging at airports: Rates are usually less favorable than in banks or through ATMs.
- Use contactless payments: Quick and widely accepted, making purchases smooth and hassle-free.