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Top 3 Money Transfer Providers for UK to Denmark

Provider Amount Received Fee Exchange Rate Speed
Currencies Direct Currencies Direct DKK kr 86,360.68 No Fee 8.6361 1-3 days more...
OFX (UK) OFX (UK) DKK kr 86,013.50 No Fee 8.6014 1-3 days more...
TorFX TorFX DKK kr 86,360.68 No Fee 8.6361 1-3 days more...
FXcompared Country Guides
There are no exchange controls in the UK for the pound sterling (GBP), and transferring money to the UK and sending money from the UK is very easy Read More
The Danish krone (DKK), pegged to the euro, is fully convertible, and money transfers can be sent to Denmark and money transferred from Denmark freely Read More

Denmark Money Transfer Guide

Daniel Webber
Daniel is Founder and CEO and has 20 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely quoted as an expert within the money transfer industry including by The Economist, The Wall Street Journal, Reuters, CNBC and Bloomberg. Daniel is passionate about helping consumers and businesses find the best and most efficient ways to transfer money internationally.


  • Summary
  • Denmark's money transfer regulations
  • Denmark’s monetary and regulatory authorities
  • European Union
  • Currency
  • Summary

    The Danish krone (DKK), pegged to the euro, is fully convertible, and money transfers can be sent to Denmark and money transferred from Denmark freely. Funds related to investment in Denmark, both foreign direct investment (FDI) and portfolio investment, may be converted and transferred without restriction.

    Denmark's money transfer regulations

    In line with its anti-money laundering and terrorism financing legislation, Denmark caps the amount of hard currency that may be transported in or out of the country at one time at EUR10,000 or the equivalent in foreign currency.

    On Danish exchange platforms, the US dollar (USD) and the euro are the most frequently exchanged currencies, followed by the Danish krone. According to the most recent survey from the Bank for International Settlements, the USD had the highest exchange volume, amounting to an average of US$76.58bn per day in April 2013, followed by the euro (US$56bn/day), the krone (US$19.84bn/day), the Japanese yen (US$15.3bn/day) and the Swedish krona (US$10.37bn/day).

    Denmark’s monetary and regulatory authorities

    The country’s central bank, Danmarks Nationalbank, sets national monetary policy, monitors the overall health of the financial system, works to maintain the country’s foreign exchange reserves, and ensures the krone’s peg to the euro. The central bank conducts monetary policy by adjusting national interest rates, which affect national lending and deposit rates and can impact the krone’s exchange rate.

    An independent authority, the Danish Financial Supervisory Authority (FSA), known locally as the Finanstilsynet, monitors the conduct of the banking and insurance sectors and securities markets. The FSA drafts and enforces legislation on safe financial practices.

    European Union

    Denmark joined the European Union in 1973 and the Schengen free-circulation area in 1996. Although it meets the economic and fiscal criteria for accession, Denmark has opted to stay out of the eurozone, similar to its neighbours Norway and Sweden. Danish voters chose not to adopt the euro in a referendum held in 1992, and again in 2000. The door to eurozone accession remains open, but while the main political parties support such a move, government polling suggests that the majority of Danish voters (an estimated 64% as of December 2013) are still against it.

    Denmark’s national currency, the krone (plural: kroner), is held on a fixed exchange rate and linked tightly to the euro. The kroner’s central exchange rate is set at Kr7.46038 per euro, and it is permitted to fluctuate within +/- 2.25% of this mark. Denmark’s economy is tightly intertwined with Europe, and it has been a strong proponent of liberalised trade relations. Exports account for the largest segment of GDP, so the country relies heavily on the foreign exchange market.


    The Danish krone (DKK), abbreviated “Kr”, is made up of 100 øre. The central bank issues banknotes in values of 50, 100, 200, 500 and 1000 kroner. Coins are issued in denominations of 50 øre and 1, 2, 5, 10 and 20 kroner.

    Top 11 Money Transfer Providers

    OFX (UK)

    Est. 1998

    OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

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    Est. 2004

    Excellent exchange rates | No transfer fees | Thousands of 5 star reviews 

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    Est. 2005

    Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

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    Currency Solutions

    Est. 2003

    Currency exchange specialists ranking No.1 on Trustpilot for the past two years

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    Est. 2004

    Transparency and security | Great customer feedback rating from Feefo

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    Est. 2009

    Use the code '3FREE' and pay no fees on your first three money transfers

    WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

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    Currencies Direct

    Est. 1996

    Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure

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    Est. 2010

    Wise is an online only provider

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    Est. 2011

    Remitly is a leading remittance focused player headquartered in the USA. Recipients can receive money by bank deposit, cash pick up, mobile money, or home delivery

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    Smart Currency Exchange

    Est. 2004
    Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
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    Est. 1979

    One-off payments | Regular payments | Great rates | Safeguarded customer funds

    More InfoLess Info is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.