GBP/DKK exchange rate (GBPDKK) — live chart
Follow the live British Pound / Danish Krone price and chart, check the contract specifications and see what moves GBPDKK.
Chart and quote are a third-party TradingView feed for information only and can differ slightly from Xellion's MT5 prices.
About British Pound / Danish Krone
GBP/DKK is the exchange rate between the British pound and the Danish krone. The price shows how many Danish kroner one British pound buys: when GBPDKK rises, the British pound is strengthening against the Danish krone; when it falls, it is weakening.
GBP/DKK is a minor or exotic cross, so it usually trades with less liquidity and wider spreads than the majors and can move sharply around local news. The British pound is one of the oldest currencies still in use and is traded heavily in London, the largest forex centre. The Danish krone is held in a narrow band against the euro under the ERM II mechanism, so it tends to track the euro closely.
On Xellion's MT5 platform GBPDKK is traded as a CFD, so you can go long or short without exchanging either currency. One standard lot is 100,000 British pounds; the pip size and value are shown in the MT5 contract specification.
What moves the price
- The gap between interest rates set by the Bank of England and Danmarks Nationalbank, and expectations for where they go next
- UK inflation, wage and jobs data
- UK budget announcements and political news
- Danmarks Nationalbank action to keep the krone near its euro central rate
- ECB policy decisions
- Trade flows and major economic releases from the United Kingdom and Denmark
| Symbol | GBPDKK |
|---|---|
| Contract size | 100,000 GBP |
| Leverage | Up to 1:2000 |
| Trading hours | 24 hours a day, Monday to Friday |
Live spreads and swaps are shown in MT5. Exact session times are in the MT5 contract specification; leverage depends on your account and country.
GBPDKK questions
What does the GBPDKK price mean?
It is the number of Danish kroner needed to buy one British pound. A rising price means the British pound is gaining against the Danish krone; a falling price means it is losing ground.
When is GBPDKK most active?
Like all major FX pairs, GBPDKK trades around the clock on weekdays, but it is usually busiest during the London session, when markets for both currencies are open.
How much is one pip worth on GBPDKK?
Pip value on GBPDKK depends on the pip size in the MT5 contract specification and on the Danish krone exchange rate against your account currency. Because Danish kroner are converted into your account currency, the value per pip changes as that rate moves.
How much margin do I need for one lot of GBPDKK?
Margin is the position value divided by your leverage. One lot is 100,000 British pounds, so at 1:500 you need 200 GBP and at 1:100 you need 1,000 GBP, converted into your account currency. Leverage up to 1:2000 is available depending on your account; the margin calculator gives the exact figure.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Charts and prices on this page come from TradingView for information only and are not investment advice. Risk disclosure