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Danish Krone to Euro (DKK/EUR) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: September 20, 2024 (8:46)
Reverse forecast: EUR to DKK
Danish Krone / Euro price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 Danish Krone (DKK) to Euro (EUR) | 13.4 | 13.4 | 13.4 | |
| 200 Danish Krone (DKK) to Euro (EUR) | 26.8 | 26.8 | 26.8 | |
| 500 Danish Krone (DKK) to Euro (EUR) | 67 | 67 | 67 | |
| 1000 Danish Krone (DKK) to Euro (EUR) | 134.1 | 134.1 | 134.1 | |
| 3000 Danish Krone (DKK) to Euro (EUR) | 402.2 | 402.3 | 402.2 |
How much will the DKK/EUR currency pair cost in 2024, 2025 and 2026? What is the forecast for the DKK/EUR currency pair? What is the target price of the Danish Krone / Euro currency pair for 2024-2026?
We continuously scrutinize the key events in the news flow to assist you in tackling the essential question: Will the Danish Krone rise or fall against the Euro?
Identifying the trend of the DKK/EUR currency pair
Recent market developments indicate fluctuating dynamics affecting the DKKEUR exchange rates. Notably, the Euro's approach to a three-week high against the US Dollar, amidst investor speculation on Fed policy changes, highlights cautious optimism in the market. However, speculative positions in the Euro futures market have slightly decreased, pointing to tempered bullish sentiment, potentially leading to volatility in the near term.
The dollar's modest decline driven by softer US CPI readings suggests limited inflationary pressures, diminishing expectations for aggressive monetary tightening by the Fed. This relative softness in the Dollar bolsters the appeal of the Euro, aligning with the currency's recent appreciation. Simultaneously, Ferrari's robust share buyback program engenders confidence, enhancing the perception of strength within the European market, subtly supporting the Euro.
Investors are advised to monitor the upcoming Federal Reserve meeting closely, as its decisions could significantly sway DKKEUR exchange dynamics. The overall sentiment is nuanced, characterized by cautious optimism and anticipative positioning. Market participants should brace for potential short-term volatility, stemming from evolving economic indicators and speculative adjustments.
EUR Trend Forecasting
Regarding the EUR currency, 20 news pieces were analyzed. The average relevance of these news items is 0.45 (the closer to 1, the higher).|
2024-09-18
|
Neutral | Impact: 0.06 | News: 1 (0/1/0) |
|
2024-09-16
|
Neutral | Impact: 0.05 | News: 4 (1/3/0) |
|
2024-09-13
|
Bullish | Impact: 0.16 | News: 3 (2/0/1) |
|
2024-09-12
|
Bullish | Impact: 0.11 | News: 3 (2/1/0) |
|
2024-09-11
|
Neutral | Impact: -0.14 | News: 2 (0/1/1) |
|
2024-09-10
|
Bullish | Impact: 0.22 | News: 2 (2/0/0) |
|
2024-09-09
|
Bullish | Impact: 0.32 | News: 2 (1/1/0) |
|
2024-09-06
|
Bullish | Impact: 0.24 | News: 2 (1/1/0) |
|
2024-09-05
|
Neutral | Impact: -0.02 | News: 1 (0/1/0) |
Euro Approaches Three-Week High as US Fed Meeting Gains Attention
September 18, 2024 (11:17)
Trend: Neutral
Influence: 0.06
The Euro is trading near a three-week high against the US dollar as investors anticipate potential policy changes from the upcoming Federal Reserve meeting. While the sentiment towards the Euro remains neutral, the slight appreciation may be attributed to market speculation and cautious optimism about the Fed's forthcoming decisions.
Mixed Opening Anticipated on Bay Street Amid Recent Earthquake
September 16, 2024 (13:27)
Trend: Neutral
Influence: 0
The news of a mixed opening on Bay Street, combined with the lack of a tsunami threat following the earthquake near British Columbia, suggests a limited immediate impact on global forex markets, including the EUR. As a result, the EUR exchange rate remains stable with a neutral sentiment, reflecting no significant market-moving events from this development.
This chart provides a comparative trend analysis of sentiment scores over time for DKK and EUR currencies, displaying their respective news coverage and associated sentiment.
By visualizing sentiment trends and news volume, investors and brokers can identify potential market-moving events, gauge market sentiment, and make more informed trading decisions.
Historical and forecast chart of the Danish Krone/Euro currency pair
The chart below shows the historical quotes of the DKK/EUR pair and the forecast chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the Danish Krone/Euro rate can be found in the table below.
Long-term forecasts by years.
EUR Main News
Dollar Slightly Declines as U.S. CPI Data Softens
September 16, 2024 (13:25)
Trend: Neutral
Influence: -0.03
The modest decline in the Dollar resulting from softer U.S. CPI readings suggests weak inflationary pressures, reducing the likelihood of aggressive monetary tightening by the Federal Reserve. This scenario makes the Euro relatively more attractive, slightly bolstering its value against the Dollar.
Ferrari N.V.: Update on Fifth Tranche of Share Buyback Program
September 16, 2024 (13:26)
Trend: Somewhat-Bullish
Influence: 0.29
Ferrari's participation in a significant share buyback program indicates the company's robust financial health, which in turn instills confidence in the European market, slightly supporting the euro. This positive sentiment reflects a marginal uptick in the EUR's exchange rate.
Speculative Euro Positions Slightly Decrease
September 16, 2024 (07:20)
Trend: Neutral
Influence: -0.08
The reduction in net long positions indicates a slightly less bullish sentiment among speculators towards the EUR, potentially signaling concern over future currency strength. This adjustment in positions could lead to minor volatility or a stabilization in the EUR exchange rate as market participants reassess their outlook.
Today's Silver Trading Strategy: Recommended Focus on Buying Opportunities
September 13, 2024 (01:19)
Trend: Somewhat-Bearish
Influence: -0.18
The rally in silver prices is influenced by expectations of a Fed rate cut, which generally causes a weakening of the USD and can negatively impact the EUR due to increased demand for safe-haven currencies. Additionally, firmer industrial commodities can signal stronger economic activity, potentially destabilizing the EUR by prompting capital flows towards commodity-based currencies.
India's Record Forex Reserves Hit $689.24 Billion
September 13, 2024 (12:03)
Trend: Bullish
Influence: 0.37
The record rise in India's forex reserves suggests strong economic positioning, potentially boosting investor confidence in emerging markets. As a result, the EUR exchange rate could benefit from increased capital flows into the eurozone, due to a favorable sentiment towards diversified global economic growth.
Euro Reaches One-Week High After Remarks by Lagarde
September 13, 2024 (06:36)
Trend: Somewhat-Bullish
Influence: 0.28
The news suggests that Christine Lagarde's comments have been perceived positively by the market, leading to a modest strengthening of the euro. This optimistic sentiment is reflected in the somewhat-bullish sentiment score, indicating improved investor confidence in the euro.
ECB Lowers Interest Rates Again as Financial Markets Recover
September 12, 2024 (16:58)
Trend: Somewhat-Bullish
Influence: 0.18
The European Central Bank's decision to lower interest rates typically weakens the euro as it makes the currency less attractive to investors seeking higher returns. However, the somewhat bullish sentiment indicates that market participants may be optimistic about future economic recovery or policy impacts.
Euro Stagnates at Nearly Month-Long Low as Investors Eye ECB Rate Decision
September 12, 2024 (11:48)
Trend: Neutral
Influence: -0.1
The uncertainty surrounding the European Central Bank's interest rate decision has kept the euro near its recent low, reflecting investor caution. The possibility of rate changes emphasizes potential market volatility as traders anticipate Christine Lagarde's monetary policy statement.
GE T&D Secures Multiple Orders, Driving Share Price Over 4% Upward
September 12, 2024 (04:22)
Trend: Somewhat-Bullish
Influence: 0.26
The news of GE T&D securing substantial orders boosted the company's share price, which signals confidence in its market performance. This may lead to a somewhat positive influence on the EUR exchange rate, reflecting improved investor sentiment towards Europe’s economic partners.
ED Investigates Axis MF in Front-Running Scandal with Raids in Major Cities
September 11, 2024 (15:23)
Trend: Neutral
Influence: -0.04
The EUR exchange rate exhibits a neutral sentiment in response to the Axis MF front-running case, as this incident primarily impacts the Indian market with limited direct implications for European institutions. However, the slight negativity in sentiment may reflect concerns over broader market instability and confidence that could indirectly influence investor behavior globally.
Statkraft's SEK Green Bond Issuance Successfully Completed
September 11, 2024 (12:57)
Trend: Somewhat-Bearish
Influence: -0.25
The issuance of SEK-denominated green bonds by Statkraft under the Euro Medium Term Note programme indicates an increase in demand for SEK assets, potentially affecting capital flows that may strengthen the SEK against the EUR. This shift is somewhat bearish for the EUR as it may cause a reallocation of investment away from Euro-denominated assets.
Ferrari N.V. Provides Latest Update on Share Buyback Initiative
September 10, 2024 (14:17)
Trend: Somewhat-Bullish
Influence: 0.29
The announcement of Ferrari's substantial share buyback program likely strengthens investor confidence in the company's fiscal health, indirectly boosting the appeal of the Euro. This somewhat-bullish sentiment reflects a positive outlook for the region's economy, influencing the modest appreciation of the EUR.
IMF Highlights Rising Role of Alternative Currencies in a Fragmented Global Economy
September 10, 2024 (07:17)
Trend: Somewhat-Bullish
Influence: 0.15
The IMF's highlighting of alternative currencies' rising role suggests increased currency diversification, potentially leading to less reliance on the euro. However, the 'Somewhat-Bullish' sentiment indicates investors still maintain confidence in the euro amidst these changes.
Completion of Share Buyback Programme
September 9, 2024 (15:30)
Trend: Bullish
Influence: 0.5
The completion of DEME Group NV's share buyback programme indicates confidence in its financial stability, which can bolster investor sentiment towards the Euro. The significant financial commitment made in euros for the buyback can also signal strong market activity, contributing to a positive outlook on the EUR exchange rate.
Rise in Euro Net Long Positions by Speculators
September 9, 2024 (09:02)
Trend: Neutral
Influence: 0.13
The increase in net long positions by speculators indicates a positive sentiment towards the Euro, potentially leading to an appreciation in its value. However, the neutral sentiment score suggests that other factors might be tempering this optimism, keeping the overall market response balanced.
Comprehensive Analysis of News and Events influencing the DKKEUR currency pair
We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.
The results of forecasts of the Danish Krone/Euro currency pair are shown below and presented in the form of charts, tables and text information, divided into time intervals (Next month, 2024, 2025 and 2026).
Forecasts are adjusted once a day taking into account the price change of the previous day.
Danish Krone / Euro Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Sep 22 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Sep 23 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Sep 24 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Sep 25 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Sep 26 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Sep 27 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Sep 28 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Sep 29 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Sep 30 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 01 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 02 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 03 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 04 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 05 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 06 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 07 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 08 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 09 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 10 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 11 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 12 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 13 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 14 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 15 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 16 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 17 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 18 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 19 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 20 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
| Oct 21 | 0.1341 | 0.1341 | 0.1341 | 0.01 % |
Target daily price DKK/EUR
Target values of the DKK/EUR currency pair as of 09-22-2024.
Optimistic target level: 0.1341
Pessimistic target level: 0.1341
Target values of the DKK/EUR currency pair as of 09-23-2024.
Optimistic target level: 0.1341
Pessimistic target level: 0.1341
Target values of the DKK/EUR currency pair as of 09-24-2024.
Optimistic target level: 0.1341
Pessimistic target level: 0.1341
Target values of the DKK/EUR currency pair as of 09-25-2024.
Optimistic target level: 0.1341
Pessimistic target level: 0.1341
Target values of the DKK/EUR currency pair as of 09-26-2024.
Optimistic target level: 0.1341
Pessimistic target level: 0.1341
Danish Krone / Euro (DKK/EUR) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 0.1340 | 0.1340 | 0.1341 | 0.05 % |
| Nov | 0.1340 | 0.1340 | 0.1341 | 0.05 % |
| Dec | 0.1340 | 0.1340 | 0.1341 | 0.02 % |
DKK/EUR forecast for this year
Forecast of the DKK/EUR pair for Oct 2024
Forecast of the DKK/EUR pair for Nov 2024
Forecast of the DKK/EUR pair for Dec 2024
Danish Krone / Euro (DKK/EUR) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.1340 | 0.1340 | 0.1340 | 0.05 % |
| Feb | 0.1340 | 0.1340 | 0.1340 | 0.06 % |
| Mar | 0.1339 | 0.1339 | 0.1340 | 0.07 % |
| Apr | 0.1339 | 0.1339 | 0.1340 | 0.06 % |
| May | 0.1339 | 0.1339 | 0.1340 | 0.06 % |
| Jun | 0.1339 | 0.1339 | 0.1340 | 0.04 % |
| Jul | 0.1340 | 0.1339 | 0.1340 | 0.05 % |
| Aug | 0.1340 | 0.1340 | 0.1340 | 0.03 % |
| Sep | 0.1340 | 0.1340 | 0.1340 | 0.05 % |
| Oct | 0.1339 | 0.1339 | 0.1340 | 0.05 % |
| Nov | 0.1339 | 0.1339 | 0.1340 | 0.06 % |
| Dec | 0.1339 | 0.1338 | 0.1339 | 0.07 % |
Danish Krone / Euro (DKK/EUR) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.1339 | 0.1339 | 0.1340 | 0.04 % |
| Feb | 0.1339 | 0.1339 | 0.1340 | 0.04 % |
| Mar | 0.1340 | 0.1339 | 0.1340 | 0.06 % |
| Apr | 0.1339 | 0.1339 | 0.1340 | 0.04 % |
| May | 0.1339 | 0.1339 | 0.1340 | 0.07 % |
| Jun | 0.1339 | 0.1339 | 0.1340 | 0.06 % |
| Jul | 0.1339 | 0.1339 | 0.1340 | 0.06 % |
| Aug | 0.1339 | 0.1339 | 0.1340 | 0.03 % |
| Sep | 0.1339 | 0.1339 | 0.1339 | 0.06 % |
| Oct | 0.1339 | 0.1339 | 0.1340 | 0.03 % |
| Nov | 0.1339 | 0.1339 | 0.1340 | 0.05 % |
| Dec | 0.1339 | 0.1339 | 0.1340 | 0.05 % |