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|Product Type: Currencies||Market: Global|
|Trading Hours: 24 hours, Mon-Fri.|
The euro against the Danish krone (EUR/DKK) is a cross-pair of the euro – the 2nd most commonly traded currency in the foreign exchange market. EUR/DKK's exchange rate indicates how much of the krone is needed to buy one euro. Despite its small size, Denmark has one of the strongest economies in Europe and is one of the 30 wealthiest countries worldwide. The Danish economy enjoys an extremely low unemployment rate and also has the world’s lowest income inequality level. Another interesting fact worth mentioning is that Denmark's central bank has cut its interest rates several times in recent years, in an effort to keep the krone pegged to the euro.