Here you can find information about financial matters when going on exchange and living in Denmark.
Financial matters
Currency in Denmark
The Danish currency is called "Krone" and the international abbreviation is DKK. Denmark does not have the Euro, but you will be able to pay with Euros in the more touristy areas.
We advise incoming students to bring a credit card (Visa or Mastercard) that has a 4-digit code, it will be accepted in most stores.
Living costs
The below estimates can give you an idea of living expenses:
- Accommodation: DKK 4.500 – 8.000 per month
- Food DKK 2.000 – 3.000 per month
- Phone DKK 79 – 200 per month
- Public Transportation DKK 395 – 525 per month (more information about tickets and prices)
School materials
How much you need to spend on school material depends very much on your specific exchange programme. Some programmes require specific computer software while others require you buy materials to complete your projects. If you want information relating to your program costs, please contact the relevant international coordinator.
In general, many of the reading materials you need you will be able to find online on our learning management platform, Itslearning or moodle, or at the our libraries.
Danish bank account
It is not required that you have a Danish bank account during your stay in Denmark. However, if you want a cheaper phone subscription with data or you get a student job, you will need a Danish bank account.
You can get a bank account once you receive your CPR number (read more about CPR numbers under Practical information). Besides that requirement, it varies from bank to bank what the requirements are to set up a bank account. Make sure you enquire about the fees before opening the account. Some banks offer student accounts for free.
Student job
Jobs for students in Copenhagen are scarce if you do not speak Danish, and you should not count on a student job for your income. Some exchange students find a student job during their stay, but most will concentrate on their studies.
Nordic, EU/EEA or Swiss citizens can work in Denmark under the EU rules regarding the free movement of people and services, with no restriction on the number of hours.
Non-EU/EEA/Swiss citizens may work in Denmark for up to 20 hours a week and full-time during June, July and August. You can see if you are allowed to work in Denmark on your residence card.