Our Exchange Rates

Whether you want to exchange British pounds or US dollars, you can benefit from the best online rate by ordering your currency directly from our website. 

Key Takeaways

• The exchange rate is the ratio that applies to one currency when it is exchanged for another.
• Exchange rates are determined by the world's currency markets and the supply and demand for the currencies being traded.
• A good exchange rate is generally considered to be equal to or better than the average market rate.  
• To take advantage of the best exchange rates, we advise you to plan your trip in advance, avoid peak exchange periods, be aware of the total cost of your currency exchange and exchange your currencies before your trip.

What does the exchange rate mean?

The exchange rate is the value you get by exchanging one currency for another. This variable is used to assess the economic health of a country and also has a major impact on the tourism industry and international trade. 

Exchange rates are determined by the supply and demand for currencies in global trading markets, but are also influenced by inflation, interest rates and geopolitical events in individual countries.

Compare the best exchange rates online

Comparing exchange rates online can be difficult and time-consuming. Find all our tips to get a good rate and get more change when exchanging.

What is a good exchange rate?

If you don't regularly exchange currency, understanding the concept of a good exchange rate can be relatively abstract.

To keep things down to earth, a good exchange rate will allow you to exchange a larger amount of a currency. The rate can therefore vary from exchange bureau to exchange bureau, so it's worth checking it to exchange as cheaply as possible. 

Generally, an exchange rate is compared to the average market rate to determine whether it is favourable or not. The average market rate roughly corresponds to the equilibrium point between supply and demand. If your exchange rate is equal to or higher than the average market rate, you have made a good deal.

How do I get the best exchange rate?

Here are a few tips you can use to get the best exchange rate no matter which currency you want to buy.

Plan well in advance

First of all, it's important to research the exchange rate for a currency a few weeks in advance. By following this method, you can assess the market price and ensure you exchange at the most convenient time. Keep an eye on the exchange rates used by the different online exchange offices and see how they change from day to day. So it's important to plan your exchange well in advance to get a more accurate knowledge of the market.

Trade at a strategic time

To take advantage of the best exchange rates, remember to avoid trading during peak transaction periods. This is because the increased demand tends to have a leverage effect on the price of trades, so you will benefit from a less attractive exchange rate. 

Fridays are generally considered to be one of the busiest trading days, which implies a high exchange rate. Conversely, Mondays, Wednesdays and weekends are usually slower periods when the exchange rate is lower.

Look at the total cost of your exchange

Don't forget to check the details of the cost of your currency exchange, not just the exchange rate. Some exchange offices charge large commissions or add credit card fees to your order. So while the exchange rate may seem low, these hidden fees could mean you end up paying a higher price than the market rate. 

Good to know: If you reserve your currency on our website, you'll get the best online rate and 0% commission, ensuring a cheap transaction. 

Reserve your currency online

Reserving your currency online is the best way to benefit from the lowest possible exchange rate. You can secure your exchange rate and benefit from a 0% commission. All you need to do is pick up your foreign currency at one of our exchange centres.

Exchange your currency before your trip

Going abroad and want the local currency? Be aware that the exchange rate will be higher if you exchange your currency once you've arrived.

This is because exchange offices generally charge lower exchange rates when they receive local currency. So if you pick up the currency at your destination from a Danish exchange office before you travel, you can save money on exchange.