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base info Avalanche

Avalanche to Danish Krone Converter and calculator

Convert 1Avalanche (AVAX) to Danish Krone (DKK) equals kr 248.67 | Bitget

DKK information

About the Danish Krone (DKK)

What Is the Danish Krone (DKK)?

The Danish Krone (DKK), symbolized as "kr." and sometimes referred to as the Danish crown, is the official currency of Denmark, Greenland, and the Faroe Islands. Introduced on January 1, 1875, it replaced the rigsdaler and established Denmark on the gold standard. The ISO code for the Danish Krone is "DKK," and it is subdivided into 100 øre.

The Danish Krone (DKK) is issued by Danmarks Nationalbank, which is the central bank of Denmark. Established in 1818, Danmarks Nationalbank is responsible for the production and distribution of Danish currency and plays a key role in maintaining the stability of the krone, especially in relation to its pegging to the euro through the European Exchange Rate Mechanism (ERM II). The bank also oversees monetary policy in Denmark, aiming to ensure a stable financial system and prices.

What Is the History of DKK?

The Danish Krone has a rich history, with the earliest Danish coinage dating back to the 10th century. The modern-day krone was introduced in 1875 as part of the Scandinavian Monetary Union, which lasted until World War I. The krone was initially pegged to gold, but this standard was abandoned in 1931. During the 20th century, the krone underwent several devaluations, particularly in relation to the British pound and the US dollar.

Notes and Coins of DKK

Danish coins are distinctive, with different metal colors and sizes corresponding to their values. The current series of coins includes denominations from the 50 øre coin to the 20 krone coin. Danish banknotes have undergone several series, with the most recent being the 2009 series featuring Danish bridges and landscapes. A new series is scheduled for release in 2028-2029.

Why Is the Danish Krone a Stable Currency?

The Danish Krone's stability is largely attributed to Denmark's strategic approach to economic management. The currency is pegged to the Euro via the European Exchange Rate Mechanism II (ERM II), which ties its value to the Eurozone's economy. This pegging is maintained by Danmarks Nationalbank, the central bank of Denmark, through measured adjustments in interest rates and other monetary tools. The overall stability of the Danish economy, characterized by a high standard of living and a stable political climate, supports the Krone's steadiness. Contributing factors also include Denmark's consistent record of low inflation and the government's responsible fiscal policies, such as effective public debt management and maintaining balanced budgets. These elements, combined with international confidence in Denmark's financial system, help the Krone maintain its stability, even in the face of global economic fluctuations.

Why Does Denmark Not Use the Euro as Its Currency?

Denmark does not use the Euro primarily due to the decision made by its citizens in a referendum. In September 2000, a referendum was held in Denmark to decide whether the country should adopt the Euro as its official currency. The result was that 53.2% of the voters chose to keep the Danish Krone (DKK), while 46.8% voted in favor of adopting the Euro.

This choice was influenced by several factors, including a desire to maintain economic independence, allowing Denmark to tailor its monetary policy to national needs. Additionally, the Krone is seen by many as a symbol of national identity and sovereignty, and there was a general sentiment that adopting the Euro might diminish this aspect of Danish heritage. At the time of the referendum, Denmark's economy was strong and stable, leading many voters to question the necessity of changing the currency amidst the uncertainties surrounding the Euro. Furthermore, there was a degree of skepticism about the European Union and its future direction, with some preferring to keep a level of detachment from deeper EU integration. Despite this, Denmark has kept its currency closely aligned with the Eurozone through the European Exchange Rate Mechanism II (ERM II), ensuring currency stability while maintaining its monetary sovereignty.

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Bitget crypto-to-fiat exchange data shows that the most popular Avalanche currency pair is the AVAX to DKK, with for Avalanche's currency code being AVAX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for DKK.

AVAX to DKK conversion rate trend

1D7D1M3M1YAll
In the past 1D, Avalanche has changed +3.96% to DKK. Based on the trend and price charts, Avalanche(AVAX) has changed +3.96% to DKK while Danish Krone(DKK) has changed % to AVAX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr248.26
0.0001% / 0.0004%vip-iconVIP
Binance
kr247.89
0.1000% / 0.1000%
Yes
Coinbase Exchange
kr248.1
0.1000% / 0.1000%
Yes
Kraken
kr248.31
0.1000% / 0.1000%
Yes
OKX
kr247.91
0.080% / 0.100%
Yes
Huobi
kr247.79
0.1000% / 0.1000%
Yes
Gate.io
kr247.82
0.1000% / 0.1000%
Yes
Bybit
kr248.15
0.1000% / 0.1000%
Yes
KuCoin
kr247.87
0.1000% / 0.1000%
Yes
Bitfinex
kr247.68
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 12:00:30(UTC+0)

What factors influence the conversion rate of Avalanche to Danish Krone?

Avalanche to Danish Krone is falling this week.
Avalanche's current market price is kr 248.67 per AVAX, with a total market cap of kr 93,996,322,537.45 DKK based on a circulating supply of 377,989,820 AVAX. The trading volume of Avalanche has changed by +0.65% (kr 30,823,130.81 DKK) in the last 24 hours. Last trading day, AVAX's trading volume was kr 4,778,039,189.07.
Market cap
$13.43B
24h volume
$686.91M
Circulating supply
377.99M AVAX

Conversion tables

The exchange rate of Avalanche is decreasing.
1 AVAX is currently valued at kr 248.67 DKK , which means buying 5 AVAX will cost kr 1,243.37 DKK . Similarly, kr1 DKK can be traded for 0.004021 AVAX, and kr50 DKK can be converted to 0.2011 AVAX, excluding any platform or gas fees.
The exchange rate of 1 AVAX to Danish Krone has changed by -21.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.96%, reaching a high of 251.95 DKK and a low of 224.09 DKK . One month ago, the value of 1 AVAX was kr 382.15 DKK , which represents a -34.91% change from its current value. Over the last year, Avalanche has changed by
+kr
45.17DKK
, resulting in a change of +86.18% in its value.

AVAX to DKK

Amount
12:35 today
0.5 AVAX
kr124.34
1 AVAX
kr248.67
5 AVAX
kr1,243.37
10 AVAX
kr2,486.74
50 AVAX
kr12,433.71
100 AVAX
kr24,867.42
500 AVAX
kr124,337.11
1000 AVAX
kr248,674.22

DKK to AVAX

Amount12:35 today
0.5DKK0.002011  AVAX
1DKK0.004021  AVAX
5DKK0.02011  AVAX
10DKK0.04021  AVAX
50DKK0.2011  AVAX
100DKK0.4021  AVAX
500DKK2.01  AVAX
1000DKK4.02  AVAX
share

Today vs. 24 hours ago

Amount12:35 today24 hours ago24h change
0.5 AVAX$17.76$17.08
+3.96%
1 AVAX$35.52$34.17
+3.96%
5 AVAX$177.61$170.85
+3.96%
10 AVAX$355.21$341.69
+3.96%
50 AVAX$1,776.07$1,708.45
+3.96%
100 AVAX$3,552.13$3,416.9
+3.96%
500 AVAX$17,760.67$17,084.52
+3.96%
1000 AVAX$35,521.34$34,169.04
+3.96%

Today vs. 1 month ago

Amount12:35 today1 month ago1M change
0.5 AVAX$17.76$27.29
-34.91%
1 AVAX$35.52$54.59
-34.91%
5 AVAX$177.61$272.93
-34.91%
10 AVAX$355.21$545.87
-34.91%
50 AVAX$1,776.07$2,729.34
-34.91%
100 AVAX$3,552.13$5,458.68
-34.91%
500 AVAX$17,760.67$27,293.38
-34.91%
1000 AVAX$35,521.34$54,586.75
-34.91%

Today vs. 1 year ago

Amount12:35 today1 year ago1Y change
0.5 AVAX$17.76$9.53
+86.18%
1 AVAX$35.52$19.07
+86.18%
5 AVAX$177.61$95.35
+86.18%
10 AVAX$355.21$190.7
+86.18%
50 AVAX$1,776.07$953.48
+86.18%
100 AVAX$3,552.13$1,906.96
+86.18%
500 AVAX$17,760.67$9,534.82
+86.18%
1000 AVAX$35,521.34$19,069.65
+86.18%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.