Convert CHF to DKK - Switzerland Franc to Danish krone Exchange Rate | FX LeadersFX Leaders
Prices update in real time
POPULAR CURRENCY CONVERTERS
<% signal.Current.pair %> <% signal.Current.rate %>
WHAT IMPACTS THE CHF/DKK EXCHANGE RATE
Trading the Swiss Franc against the Danish krone, the CHF/DKK currency pair may not be among the leading ones traded in the forex market, but is still an interesting choice for forex traders looking to diversify their portfolio. The Swiss franc is the official currency in use within Switzerland as well as Liechtenstein, while the Danish krone can be used as currency across Denmark, Faroe Islands and Greenland.Due to geographical and economic proximity, the CHF and DKK enjoy a close correlation with each other. The DKK is pegged to the Euro and fluctuates in a range of +/- 2.25% of the value of the EUR. Whenever the value of the EUR changes, this currency pair experiences price action. However, due to the correlation between EUR and CHF, this pair does not typically see too much volatility.Although, the CHF as a safe haven currency turns volatile when the market sentiment changes to risk-off - during times of heightened economic and geopolitical uncertainty. During such events, with careful analysis, forex traders can enter trades in the CHF/DKK currency pair and generate some pips. Forex traders looking to trade this currency pair need to have a high level of expertise in both fundamental and technical analysis.
CHF to DKK CONVERSION RATES
CHF
DKK
<% amount * currencies.converter.rate |toFixed: 4 %> DKK
DKK
CHF
<% amount / currencies.converter.rate |toFixed: 4 %> CHF
CHF to DKK CHARTS
CHF/DKK Live Chart
CHF/DKK Historical Chart
CHF to DKK EXCHANGE RATE - FAQ
What economic events can drive price action in the CHF/DKK currency pair?

The exchange rate of CHF/DKK experiences significant fluctuations upon the release of important economic data from Switzerland, Denmark and even the Eurozone. Some key economic data that can influence this currency pair include GDP, inflation, unemployment rate, retail sales, business confidence, consumer confidence, trade balance and industrial production.

How do central bank decisions affect the exchange rate of CHF/DKK?

The CHF/DKK forex pair also gets affected by changes to the monetary policy and interest rates announced by the Swiss National Bank, Danmarks Nationalbank and even the European Central Bank. For instance, if the ECB tightens its monetary policy or announces a rate hike, the Euro strengthens, which in turn strengthens the DKK and causes this currency pair to trade bearish, as a result.

What was the lowest value of CHF/DKK this year?

CHF/DKK touched a high of 7.1165 on 9 March 2020. This was the strongest level this forex pair traded at so far this year.