The stability of Danish kroner exchange rates makes it reasonable and safe to book a vacation to Denmark. This little yet pleasant Scandinavian country is, in fact , accessible by plane, train and ferry. It's also the home of the legendary Tiny Mermaid (Disneyland isn't the Small Mermaid’s home, contrary to what folk believe), wild, magical Tivoli Park and thirst-quenching Carlsberg lager. Except for a single anomaly, if you’re looking to order danish kroner, it’s relationship to the English sterling has been an image of consistency and stability. Now pegged at approximately 0.117, the exchange rate hasn't strayed beyond a little less than one percent from the average over the last 365 days. There was one day in the middle of July this year when the rate shot up to 0.134. It could have been a wild day in the foreign exchange markets on that day. But all all though the last year, the conversion rate has been comparatively nicely behaved. The exchange rate anomaly in July can be traced to a region-wide market reaction to the stress testing exercise conducted by the European Banking Authority to appraise “the resiliency of banks involved in the exercise against a harmful but [...]
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