AUDDKK (Australian Dollar vs Danish Krone). Exchange rate and online charts.
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28 Mar 2025 23:59
(0%)
Closing price, the previous day.
Opening price.
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Price range high in the last week
Price range low in the last week
The AUD/DKK pair is not on the list of the most traded pairs on Forex. This is a cross-rate pair. It means that the exchange rate of the AUD/DKK pair is calculated by the reference to a third currency, namely the US dollar. Therefore, even if both currencies are not quoted against the US dollar, it still has a significant impact on its rate.
Main features
Denmark stands out from many other countries with its high economic indicators (low inflation and unemployment, sufficient oil and gas inventories, focus on high tech development). Yet, it also has some weak points, e.g. high taxes as well as a low level of competitiveness in foreign markets. These factors may adversely affect its national currency.
Nevertheless, the Danish economy is one of the most stable in the world, so its national currency firmly holds its position versus other major forex currencies.
AUD/DKK is a nonvolatile pair (mostly because of its counter currency, the Aussie). The Australian economy is quite stable. On top of that, the Australian dollar is the sixth most traded currency worldwide.
The pair is distinguished by low volatility (the price swings within a narrow corridor). So, it is highly unlikely to make a quick profit on such assets but the medium and long- term positions may bring high returns. Besides, one should remember that even nonvolatile pairs may jump sharply, especially during the publication of crucial economic reports.
How to trade AUD/DKK
When trading AUD/DKK, speculators should take into account the economic indicators of Denmark as well as the cost of oil and other commodities imported by the country to maintain the manufacturing production.
Always keep in mind that the US dollar also affects both currencies in the pair. For this reason, when predicting the further trajectory of the price, pay attention to the main economic indicators of the United States (GDP, the benchmark rate, the unemployment rate, labor market figures (the NFP report), etc.
AUD/DKK is a low-liquid pair compared to EUR/USD, USD/CHF, GBP/USD, and USD/JPY. Therefore, before making any predictions, it is necessary to focus on those instruments that are quoted against the US dollar.
When trading cross-rates, remember that brokers usually set a higher spread on such pairs than on the most popular currency pairs. So, before starting to work with cross-rate pairs, you should carefully study the trading conditions of the broker.
See Also
- Technical analysis / Video analytics
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- Technical analysis / Video analytics
Forex forecast 28/03/2025: EUR/USD, GBP/USD, USD/JPY, Oil and Bitcoin
Technical analysis of EUR/USD, GBP/USD, USD/JPY, Oil and BitcoinAuthor: InstaForex Analyst
00:24 2025-03-29 UTC+2
1783
- Bulls have been attacking for two weeks, but they've run out of steam
Author: Samir Klishi
11:48 2025-03-28 UTC+2
1498
- Technical analysis
Trading Signals for GOLD (XAU/USD) for March 28-31, 2025: sell below $3,078 (technical correction - 21 SMA)
Important support is located around the 21 SMA at 3,035. This level coincides with the bottom of the uptrend channel, which could suggest a technical rebound in the coming days.Author: Dimitrios Zappas
15:12 2025-03-28 UTC+2
1453
- The EUR/USD pair rose by 60 basis points over the course of Thursday.
Author: Chin Zhao
20:10 2025-03-28 UTC+2
1453
- USDJPY: Simple Trading Tips for Beginner Traders on March 28th (U.S. Session)
Author: Jakub Novak
20:04 2025-03-28 UTC+2
1273
- The GBP/USD pair rose by 70 basis points on Thursday and added a symbolic 10 points on Friday.
Author: Chin Zhao
20:07 2025-03-28 UTC+2
1243
- EUR/USD. Analysis and Forecast
Author: InstaForex Analyst
11:45 2025-03-28 UTC+2
1243
- As the week comes to an end, the market remains indecisive, with no clear preferences evident. Yesterday, the bulls made some progress, adjusting the prevailing bearish sentiment. To confirm and consolidate the result, they need to overcome the cluster of resistance levels from various timeframes
Author: Evangelos Poulakis
10:09 2025-03-28 UTC+2
1213
- Bears are trying to break through the bulls' defenses
Author: Samir Klishi
11:36 2025-03-28 UTC+2
1198