You can use the calculator to get an estimate of currency conversion costs before you make a transaction. The calculator uses the reference rate of the European Central Bank (the ECB). In this calculation the currency conversion costs mean the difference between the Mastercard / Visa Wholesale rate (including the mark-up) and the reference rate of ECB. You will get the difference in per cent as well as in Danish kroner.
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Calculated amount based on the exchange rate of Mastercardand our mark-up 758,97
Converted amount based on the ECB reference rate 747,29
Total conversion costs in % 2.38%
Total conversion costs in DKK DKK 11,28
The ECB reference rate is 7.53% at May month 2020 at 12:55AM. The exchange rate of Mastercard is 1.87 at 12:55AM. Please note that rates change on an ongoing basis and may have changed at the time of execution of a transaction.
Danske Bank's mark-up for European currencies is variable and is currently 1.53%
The ECB publishes reference rates for the following European currencies once a day: CHF, CZK, DKK, EUR, HUF, ISK, NOK, PLN, SEK, BGN, HRK, RON. The rates are not intended to be used in market transactions, but are published for information purposes only.
The European Central Bank (ECB) is the central bank of the eurozone. The ECB is responsible for the euro and sets and implements the monetary policy that determines the value of the euro together with the national central banks of the eurozone countries.