Currency pair AUDDKK is poorly widespread exotic trading instrument which shows a correlation of the Australian dollar and Danish krone. In this trading symbol the Australian dollar acts as basic currency, and Danish krone — quoted. The quotes of AUDDKK specifies how many Danish kroner it is necessary to pay for the purchase of one Australian dollar.
Thanks to large deposits of oil in the territory of Denmark, on the AUDDKK trading instrument, has considerable impact changes in the market of black gold. High level of economic development of Denmark also has an impact on AUDDKK, strengthening the stability of this trading instrument in the international exchange market.
Denmark conducts a vigorous trading activity with EU countries, unlike Australia, which actively cooperates with the USA. Owing to the high volatility of AUDDKK, inexperienced traders should avoid this currency pair. The greatest activity of the pair is observed during working hours of the European exchanges.