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    Home » Denmark and the euro

    Denmark and the euro

    eub2By eub23 February 2008 Euro No Comments2 Mins Read
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    — last modified 03 February 2008

    Denmark joined the European Union in 1973. It has negotiated an opt-out from the euro and is thus not obliged to introduce it.


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    Denmark at a glance

    Surface area: 43 094 km2 (excluding Greenland and the Faroe Islands)
    Population: 5 447 084 (Eurostat 2007)
    Joined the European Union: 1 January 1973
    Currency: Danish krone (DKK)

    Euro information

    Status: Denmark has not introduced the euro. The EU Treaty gives Denmark the right to remain outside the euro area, even when all convergence criteria are met (opt-out).

    The Danish krone joined the Exchange Rate Mechanism (ERM II) on 1 January 1999 and observes a central rate of 746.038 to the euro with narrow fluctuation margins of ±2.25%.

    Exchange rate: The current euro to Danish krone foreign exchange reference rate can be consulted on the website of the European Central Bank (updated daily).

    Opinion polls and surveys

    • Public opinion and the single currency (Eurobarometer website)

    Websites

    National websites

    • Kort om euro (Danish National Bank, also in English)
    • Borger.dk (Denmark’s official website)
    • EU-Oplysning Folketingets (The EU Information Centre of the Danish Parliament, also in English)

    Institutions

    • Danmarks Nationalbank (National Bank of Denmark, also in English)
    • Finansministeriet (The Danish Ministry of Finance, also in English)
    • De Økonomiske Råd (The Danish Economic Council, also in English)

    Business

    • Euro Info Centres Denmark
    • Dansk Erhverv (Danish Chamber of Commerce, also in English)
    • Forbrug (Danish Consumer Agency, also in English)

    Consumers

    • Forbrugerrådet – FR (Danish Consumer Council, also in English)
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