Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. See Table at currency.
  • n. See Table at currency.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. The currency of Denmark or Norway, divided into 100 øre

Etymologies

Norwegian, from Old Norse krūna; see krona1.
Danish krone, from Old Norse krūna; see krona1.
(American Heritage® Dictionary of the English Language, Fourth Edition)

Examples

  • The krone is now rapidly sinking towards the central parity rate, which has "previously acted as a ceiling in terms of how much the Danish central bank would allow the krone to weaken," said Nordea analysts in a research note.

    Denmark Shifts Policy to Keep Euro Peg in Check

  • The krone is still uncomfortably weak, testing the central bank's tolerance for movement within its permitted band against the euro.

    Denmark Shifts Policy to Keep Euro Peg in Check

  • While other countries 'central banks have cut their interest rates to support economic growth in recent weeks, Denmark's central bank was forced to raise its key rate to 5.5% from 5% on Oct. 24 to prop up the Danish currency, the krone, which is pegged to the euro.

    Denmark Pushes for Vote to Adopt Euro

  • Though this would cause short-term volatility, longer term the krone would likely appreciate against other Scandinavian currencies and the euro, he wrote.

    BusinessWeek.com -- Top News

  • That compares with 53.4 percent for the euro two years ago after the central bank raised interest rates to an eight-year high to defend the krone, which is pegged to Europe's single currency.

    BusinessWeek.com -- Top News

  • At the time the bank said it was forced to up the rate to defend the Danish krone, which is pegged to the euro.

    Kansas City Star: Front Page

  • Denmark twice raised interest rates in October to help protect its currency, the krone, which is pegged closely to the euro.

    Edward Lucas

  • [A "krone" is equal to one shilling and three-halfpence.]

    Ghosts

  • "It's a serious issue when the Norwegian krone is so strong," Knut E.

    Norwegian Krone Strength a 'Serious Issue'

  • The Norwegian krone climbed to an eight-year high on Wednesday as traders sought a new safe haven after the Swiss National Bank capped the value of the Swiss franc against the euro.

    Norwegian Krone Strength a 'Serious Issue'

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