Convert your NGN to DKK in easy steps
NGN to DKK Comparison Table
| Feature | NGN (Nigerian Naira) | DKK (Danish Krone) |
|---|---|---|
| Currency Code | NGN | DKK |
| Symbol | ₦ | kr |
| Issuing Authority | Central Bank of Nigeria | National Bank of Denmark |
| Economic Strength | Developing, resource-based economy | Developed, high-income economy |
| Exchange Rate Volatility | High | Relatively stable |
| Popular Use Cases | Domestic transactions, remittances | Domestic and international transactions, trade, investment |
| Digital Payment Adoption | Growing adoption, mobile money prominent | High adoption, advanced infrastructure |
| Inflation Rate | Historically high | Low inflation |
| Interest Rates | High | Lower than Nigeria |
| Foreign Exchange Reserves | Moderate | Substantial |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Significant, diverse sectors |
Key Observations:
- The NGN is a currency of a developing economy with high volatility, while the DKK is from a developed, high-income economy with relative stability.
- Denmark has a more advanced digital payment infrastructure compared to Nigeria.
- The interest rate differential between the two countries is significant.
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to KES NGN to LYD NGN to MAD NGN to MGA | NGN to JPY NGN to JOD NGN to KGS NGN to KHR |
| European Currencies | South America Currencies |
| NGN to CHF NGN to CZK NGN to DKK NGN to EUR | NGN to COP NGN to CRC NGN to PEN NGN to PYG |
7 Facts About the Danish Krone
- Historical Currency: The Danish Krone has been in use since the 19th century, making it one of Europe’s oldest currencies.
- Pegged to the Euro: Unlike many other European currencies, the Danish Krone is pegged to the Euro, maintaining a stable exchange rate.
- Central Bank Control: The National Bank of Denmark oversees the issuance and management of the Krone, ensuring its stability.
- Nordic Connection: The Krone shares historical ties with the Swedish and Norwegian currencies, reflecting the region’s historical and cultural connections.
- Subdivision: The Krone is divided into 100 øre, though these smaller units are rarely used in everyday transactions.
- High Living Standards: Denmark’s reputation for a high standard of living is reflected in the Krone’s relative strength.
- Currency Code: DKK is the official currency code for the Danish Krone, used for international financial transactions.
Notable Banks in Nigeria and Denmark
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Access Bank Plc | Lagos |
| Nigeria | United Bank for Africa (UBA) | Lagos |
| Nigeria | Zenith Bank Plc | Lagos |
| Denmark | Danske Bank A/S | Copenhagen |
| Denmark | Nordea Bank Danmark A/S | Copenhagen |
| Denmark | Jyske Bank | Copenhagen |