A monotonic digital-to-analog converter (DAC) for converting a digital input signal into an analog output signal comprises:

an input node for receiving the digital input signal having at least M+L bits,

an output node for delivering the analog output signal corresponding to the received digital input signal,

a coarse conversion block comprising current sources and first switching means for converting M more significant bits of the digital input signal into a coarse block output current,

a fine conversion block comprising a current divider and second switching means for converting L less significant bits of the digital input signal into a corresponding current value, the fine conversion block having means for receiving current from a first unselected current source of the coarse conversion block, and

a first cascode means for active cascoding the coarse block output current,

a second cascode means, for active cascoding the current from the first unselected current source.

A method for converting a digital input signal into an analog output signal is also provided.