Money
Currency
Danish Krone (DKR) = 100 re. Notes are in denominations of DKR1000, 500, 200, 100 and 50. Coins are in denominations of DKR20, 10, 5, 2 and 1, and 50 and 25 re.
Currency exchange
There are plenty of ATMs. Personal cheques cannot be used by visitors to Denmark. Some banks may refuse to exchange large foreign bank notes.
Credit & debit cards
American Express, Diners Club, MasterCard and Visa are widely accepted, as well as Eurocheque cards. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques
Can be cashed by banks and hotels, and can be used at most restaurants and shops. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros, Pounds Sterling or US Dollars.
Exchange rate indicators
The following figures are included as a guide to the movements of the Danish Krone against Sterling and the US Dollar:
| Date | May '04 | Aug '04 | Nov '04 | Feb '05 | | 1.00= | 11.16 | 11.09 | 10.61 | 10.85 | | $1.00= | 6.25 | 6.02 | 5.60 | 5.74 |
Currency restrictions
No limitations on the import of either local or foreign currencies, although declarations should be made for large amounts. Export of local currency over DKr50,000 is allowed if it can be proved that the amount was declared on import, or acquired by the conversion of foreign currency. There is no limit on the export of foreign currency, apart from gold coins.
Banking hours
Mon to Wed and Fri 1000-1600; Thurs 1000-1800. Some banks in Copenhagen are open Mon-Fri 0930-1700. Some bureaux de change are open until midnight.
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