Historic Norwegian krone Danish Krone

Norwegian krone danish krone history for August 2023. The highest quote for this month is 0.6661 (07/08/2023) and the lowest 0.67151 (01/08/2023). The difference between high and low is -0.81.

NOK DKK average rate for August 2023 is 0.65385, the change between 01/08/2023 and 31/08/2023 is +3.96 %.

01 August 20231 NOK = 0.6700 DKK
02 August 20231 NOK = 0.6665 DKK
03 August 20231 NOK = 0.6619 DKK
04 August 20231 NOK = 0.6653 DKK
07 August 20231 NOK = 0.6681 DKK
08 August 20231 NOK = 0.6675 DKK
09 August 20231 NOK = 0.6623 DKK
10 August 20231 NOK = 0.6657 DKK
11 August 20231 NOK = 0.6579 DKK
14 August 20231 NOK = 0.6528 DKK
15 August 20231 NOK = 0.6521 DKK
16 August 20231 NOK = 0.6492 DKK
17 August 20231 NOK = 0.6455 DKK
18 August 20231 NOK = 0.6475 DKK
21 August 20231 NOK = 0.6438 DKK
22 August 20231 NOK = 0.6439 DKK
23 August 20231 NOK = 0.6467 DKK
24 August 20231 NOK = 0.6477 DKK
25 August 20231 NOK = 0.6433 DKK
28 August 20231 NOK = 0.6464 DKK
29 August 20231 NOK = 0.6432 DKK
30 August 20231 NOK = 0.6481 DKK
31 August 20231 NOK = 0.6435 DKK

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.