MONEY, EXCHANGE & CURRENCY IN COPENHAGEN

Understanding the currency, payment options, and exchange services in Copenhagen is essential for a smooth and enjoyable trip. Here’s a comprehensive guide to managing your money during your visit to the Danish capital:

Currency:

  • Denmark’s official currency is the Danish Krone, abbreviated as DKK or simply “kr.” Banknotes and coins come in various denominations, with the krone subdivided into 100 øre. Banknotes are typically issued in 50, 100, 200, 500, and 1,000 DKK denominations, while coins come in 1, 2, 5, 10, and 20 kroner, as well as 50 øre.

Credit and Debit Cards:

  • Credit and debit cards are widely accepted throughout Copenhagen, including at hotels, restaurants, shops, and attractions. Major card networks like Visa and MasterCard are commonly used, while American Express and Diners Club cards are accepted to a lesser extent.
  • Chip and PIN technology is the standard, so ensure your card has a PIN for making payments. Contactless payments are also widely used.
  • Inform your bank or card provider of your travel plans to prevent any issues with card usage abroad. You may want to inquire about foreign transaction fees.
  • ATMs (automater) are readily available, allowing you to withdraw cash in Danish kroner. Be aware of any fees associated with international ATM withdrawals.

Currency Exchange:

  • Currency exchange services are accessible at Copenhagen Airport, major banks, and exchange bureaus located in the city center. While these are reliable options, rates may vary.
  • Be cautious when exchanging money at hotels or tourist areas, as they might offer less favorable exchange rates.

Cash Usage:

  • While card payments are prevalent, it’s advisable to carry some cash, especially for small purchases, street vendors, and public transportation, where card payments may not be accepted.
  • Most shops and businesses in Copenhagen accept cash, but note that Denmark is gradually transitioning to a cashless society.

Tipping:

  • Tipping in Copenhagen is discretionary and not obligatory, as service charges are usually included in bills. However, it’s customary to round up the total to the nearest convenient amount as a gesture of appreciation for good service.

Tax-Free Shopping:

  • Visitors from outside the EU are eligible for tax-free shopping. Look for shops displaying a “Tax-Free Shopping” sticker. You’ll receive a refund of the Danish VAT (Value Added Tax) when you depart the country.

Mobile Payments:

  • Mobile payment options, such as Apple Pay and Google Pay, are widely accepted in Copenhagen. Link your mobile wallet to your credit or debit card for easy and secure transactions.

Travel Insurance:

  • Ensure you have comprehensive travel insurance covering potential financial issues while abroad, including loss of possessions or unexpected medical expenses.

Budgeting:

  • Copenhagen is known for its relatively high cost of living. Plan your budget accordingly, taking into account accommodation, dining, and activities.
  • You can find budget-friendly dining options at street vendors, food markets, and local cafes. Grocery stores are also good for affordable meals and snacks.