Exchange Rate Euro for Danish Kroner

by Desislava Chavorska

First, I wanna thank you about definitely useful information that helped me in my first stay in CPH. The tricky issue I wanna write about is the currency. That exchange rate is a smart scam - I didn't find a spot where to get all kroners for my euro. Even Forex works at lower exchange rate than officially stated and get a commission (30 kroners). Perhaps, the best place to exchange money is the airport. They work with the highest rate (7,45 kronas per 1 euro) but commission is 13% of total amount and it's not good for bigger amounts. So, my advice to all travelers is to use as much as possible their credit card. It's the only way to get the real value of the euro.

Response:

Desislava,

not sure using your credit card is the best way to get value for your money. Credit card companies charge lots of fees for using your credit card overseas. The best way is to check the rates around town as you are visiting. Bank rates vary as do the exchange places like Forex. Get some money exchanged at your home bank, which will often not have a fee for their customers and you have time to wait for a good exchange rate. Once you are here than you have less time to wait for a good rate of exchange. A little forward planning can earn you a lot of money.

P.S. Always check both the exchange rate and the fee associated with exchanging your money.

Charlie - Expat in Denmark