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Denmark and the euro

Denmark joined the European Union in 1973. It has negotiated an opt-out from the euro and is thus not obliged to introduce it.

Denmark at a glance

Surface area: 43 094 km2 (excluding Greenland and the Faroe Islands)
Population: 5,580,516 (Eurostat 2012)
Joined the European Union: 1 January 1973
Currency: Danish krone (DKK)

Euro information

Status: Denmark has not introduced the euro. The EU Treaty gives Denmark the right to remain outside the euro area, even when all convergence criteria are met (opt-out).

The Danish krone joined the Exchange Rate Mechanism II (ERM II) on 1 January 1999 and observes a central rate of 746.038 to the euro with narrow fluctuation margins of ±2.25%.

Exchange rate: The current euro to Danish krone foreign exchange reference rate can be consulted on the website of the European Central Bank (updated daily).

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