Currency peg calculator
Check where a pegged currency sits in its band, what your money converts to across the band, and what it would be worth if the peg broke. Presets for the Hong Kong dollar, Saudi riyal, UAE dirham and Danish krone. Free, no sign-up, nothing leaves your browser.
The Danish krone band is the ±2.25% range around its central rate of 7.46038 per euro under the EU's exchange rate mechanism. Enter today's rate from your bank or a market source; the starting rate is only an example. The broken-peg figure is a what-if, not a forecast.
How a peg is held
A currency peg is when a country fixes its currency's exchange rate to another currency, usually the US dollar or the euro. The central bank buys or sells its own currency, using its foreign currency reserves, to keep the rate where it wants it, and may move interest rates in step with the currency it is pegged to.
When a peg breaks
If the reserves run low or the cost of holding the peg gets too high, a central bank may let it go. In January 2015 the Swiss National Bank dropped its cap on the franc against the euro, and the franc jumped sharply within minutes.
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