The European Monetary Cooperation Fund is a fund of the members of the European Exchange Rate Mechanism. However, it is a fund and therefore it has no location.

No, since 1873 is has been the Krone ('Kroner' in plural). Due to the European exchange rate mechanism is rate against the EURO is almost fixed at around ,134 EUR for a DKK.

The Euro is a shortened version of European Currency Unit. The ECU was agreed by the European Monetary System (EMS) IN 1978 to stabilize exchange rates and thus encourage intra-EU trade. It started off as a parallel currency for all participating national currencies and the Exchange Rate Mechanism which fixed the exchange rates between currencies

An exchange rate of 1:9 between the European Euro and the Mexican Peso means that you can exchange one Euro for 9 Pesos.

The great atraction of a floating exchange rate is that in theory it provides a kind of automatic mechanism for keeping the balance of payment in equilibrium.