The Danish monetary unit is known as the krone (DKK), but there are other synonyms that can refer to this currency. Some of these include the Danish crown, the Danish currency, or simply the Danish money. The krone has been the official currency of Denmark since 1875, and its value is closely tied to the euro. Other Scandinavian countries like Sweden and Norway also have their own version of the krone, but they are not interchangeable. Danish coins and banknotes are recognized around the world and are used for international trade and commerce. If you plan on traveling to Denmark, you'll need to exchange your local currency for Danish kroner at a bank or currency exchange.