Getting by in Copenhagen: Money

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Although Denmark is a member of the European Union, the currency is still the Danish Krone, which is pegged to the Euro at a rate of about 7.45 Kroner per Euro. In Copenhagen, Nyhavn, Tivoli, and many of the major restaurants and hotels frequented by tourists accept Swedish Kronor and Euros, although it is not yet common practice elsewhere. Banks are ubiquitous, so exchanging currencies will in most cases not present any major difficulties. Exchange offices are also becoming increasingly widespread, especially Scandinavian chains such as Forex and X-change, which often have decent rates and charge no commission. Using the exchange machines present at some banks is not recommended, though, as these charge a fee of 25 kroner (US$4.50 or €3.35).

Credit cards are widely accepted, although this is usually limited to Visa and/or Mastercard. Many supermarkets and small shops will normally only accept the widespread local Danish debit-card, also known as the Dankort. But acceptance of the two major international credit cards are increasing rapidly. Other credit cards like American Express, Diners, JCB, and Unionpay are accepted in some but not all shops in Copenhagen, especially in Strøget, the main shopping district. When accepted, a transaction fee (mandated by credit card companies, not shops) of 0.75 to 3.00 % of the amount will sometimes be charged on credit cards issued by foreign banks.

Almost all ATMs accept major international cards, including all the ones mentioned previously. Therefore it is worth noting that although some shops may not accept all credit cards, an ATM capable of doing so will in most cases be less than 200 meters away, particularly in central Copenhagen.