this post was submitted on 07 Jun 2024
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the debt (lemmy.world)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 15 points 5 months ago (1 children)

Denmark has not introduced the euro, following a rejection by referendum in 2000, but the Danish krone is pegged closely to the euro (with the rate 7.46038±2.25%) in ERM II, the EU's exchange rate mechanism.

So if euro gets stronger, so does the krone. If euro drops, so does the krone.

[–] [email protected] 5 points 5 months ago

Okay, makes sense