FX rates
Approved Standard FX margins for Danske Bank A/S, Irish Branch
CCY code | Currency | Standard FX margin | Standard FX margin |
|---|---|---|---|
| GBP | Sterling | -2.20% | 2.20% |
| USD | U.S. Dollar | -1.95% | 2.20% |
| AUD | Australian Dollar | -1.70% | 2.20% |
| CAD | Canadian Dollar | -1.70% | 2.20% |
| CHF | Swiss Franc | -1.70% | 2.20% |
| DKK | Danish Krone | -1.45% | 1.70% |
| HKD | Hong Kong Dollar | -1.95% | 2.45% |
| JPY | Japanese Yen | -1.95% | 2.45% |
| NOK | Norwegian Krone | -1.70% | 2.20% |
| NZD | New Zealand Dollar | -1.70% | 2.20% |
| SEK | Swedish Krona | -1.70% | 2.20% |
| ZAR | South African Rand | -1.95% | 2.45% |
Note:
The standard FX margins above are shown against EUR as the base currency for the currency exchange. If a currency exchange is made between two currencies, neither of which are EUR, the margin applied to the currency exchange will be the margin which has the higher absolute value of the two margins applicable to those currencies as shown above.
If one or both of the currencies in the exchange is/are not shown above, the margin applied to the exchange will be 2.45% when the customer sells the currency and 1.95% when the customer buys the currency.
Below are some examples of the above currency exchange information in practice:
The standard FX margins above are shown against EUR as the base currency for the currency exchange. If a currency exchange is made between two currencies, neither of which are EUR, the margin applied to the currency exchange will be the margin which has the higher absolute value of the two margins applicable to those currencies as shown above.
If one or both of the currencies in the exchange is/are not shown above, the margin applied to the exchange will be 2.45% when the customer sells the currency and 1.95% when the customer buys the currency.
Below are some examples of the above currency exchange information in practice:
- if the customer sells GBP and buys EUR, the margin applied will be 2.20%
- if the customer sells HKD and buys EUR, the margin applied will be 2.45%
- if the customer buys ZAR and sells EUR, the margin applied will be 1.95%
The actual exchange rate achieved will be the “Danske Bank Exchange Rate”. The Danske Bank Exchange Rate for any currency exchange is the sum of the then current interbank bid or offer (as applicable) exchange rate available to the Bank for that currency exchange and the margin shown in the above table.
The Danske Bank Exchange Rate for each currency exchange can be viewed in real time through the then current currency and rates module in District. As the interbank exchange rates are live rates, the actual rate of exchange applied to a transaction may be different to the rate last viewed by you on the then current currency and rates module in District or shown to you as an indicative rate for the transaction in District.
