Zimbabwean Dollar

Zimbabwean Dollar

The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the official currency of Zimbabwe from 1980 to 12 April 2009. During this time, it was subject to periods of above-average inflation, followed by a period of hyperinflation.The Zimbabwean dollar was introduced in 1980 to directly replace the Rhodesian dollar at par (1:1), at a similar value to the US dollar. Over time, hyperinflation in Zimbabwe reduced the Zimbabwe dollar to one of the lowest valued currency units in the world. It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued. The final redenomination produced the "fourth dollar" (ZWL), which was worth 1025 ZWD (first dollars). Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. It was demonetised in 2015, with outstanding accounts able to be reimbursed until April 30, 2016. In place of the Zimbabwean dollar, currencies including the South African rand, Botswana pula, pound sterling, Indian rupee, euro, Japanese yen, Australian dollar, Chinese yuan, and the United States dollar are now regularly used.

Danish Krone

Danish Krone

The krone (Danish pronunciation: [ˈkʁoːnə]; plural: kroner; sign: kr.; code: DKK) is the official currency of Denmark, Greenland and the Faroe Islands, introduced on 1 January 1875. Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the value, the latter in some contexts follows it. The currency is sometimes referred to as the Danish crown in English, since krone literally means crown. Historically, krone coins have been minted in Denmark since the 17th century. One krone is subdivided into 100 øre (Danish pronunciation: [ˈøːɐ]; singular and plural), the name øre possibly deriving from Latin aureus meaning "gold coin". Altogether there are eleven denominations of the krone, with the smallest being the 50 øre coin, which is valued at one half of a krone. Formerly there were more øre coins, but those were discontinued due to inflation. The krone is pegged to the euro via the ERM II, the European Union's exchange rate mechanism. Adoption of the euro is favoured by some of the major political parties, however a 2000 referendum on joining the Eurozone was defeated with 53.2% voting to maintain the krone and 46.8% voting to join the Eurozone.

55 Zimbabwean Dollar to Danish Krone exchange rates chart

55 ZWD to DKK exchange rates graph
55 ZWD to DKK Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

55 ZWD to DKK exchange rates table

Exchange ZWD to DKK
55 Zimbabwean Dollar = 0.997 Danish Krone
110 Zimbabwean Dollar = 1.994 Danish Krone
275 Zimbabwean Dollar = 4.986 Danish Krone
550 Zimbabwean Dollar = 9.971 Danish Krone
Exchange Zimbabwean Dollar to Danish Krone
55 Zimbabwean Dollar to Danish Krone Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

55 ZWD to DKK exchange rates news

Zim economic woes: Is it business as usual or a platform for change? | IOL Business Report

It appears that the Zimbabwean economy has opted for euthanasia to end its pain and suffering… write Siyabonga Hadebe and Luther-King Junior Zogli.

indicative neutral
Mangudya lost his cool under pressure from legislators

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya - who is usually calm and patient - yesterday lost his cool under pressure from legislators at a pre-budge...

conditional neutral
Zimbabwe sees 2019 budget deficit at 4 percent of GDP
Zimbabwe sees 2019 budget deficit at 4 percent of GDP

Zimbabwe wants to reduce its budget deficit to 4 percent of gross domestic product in 2019, down from this years' 11.1 percent forecast.

conditional negative
Major Curriencis up

Uniindia: Mumbai, Nov 05 (UNI) Following were the indicative currency rates<br />and travellers'' cheques buying and selling rates per unit.

indicative neutral
Apple acquired Spektral for live cutout video magic

It would appear as though Apple acquired a company by the name of Spektral at the tail end of the year 2017. This Danish group specialized in the isolation of

conditional neutral
Pound Danish Krone (GBP/DKK) Exchange Rate Strikes Six-Month High as Brexit Optimism Continues to Grow | Currency News UK

Pound Danish Krone (GBP/DKK) Exchange Rate Strikes Six-Month High as Brexit Optimism Continues to Grow | Currency News UK

conditional positive
USD, Euro down; Pound up
USD, Euro down; Pound up

Uniindia: Mumbai, Nov 1 (UNI) Following were the indicative currency rates and travellers'' cheques buying and selling rates per unit on Thursday.

indicative neutral

55 ZWD to DKK currency converter