Norway’s Bank Norwegian charges around 4.0% margin or exchange rate for bank money transfers to or from the Norwegian Krone NOK and the Swedish Krona SEK, you can beat those rates and save when sending money abroad. Making a transfer to or from Norwegian Krone using Bank Norwegian’s service could potentially lose thousands of Norwegian Krone NOK or Swedish Krona SEK because high rates exchange less on conversion:
BANK NORWEGIAN | MIN. TRANSFER | SPEED | *GUIDE RATES | TRANSFER INFO |
---|---|---|---|---|
NOK/SEK | no minimum | 5/7 DAYS | kr 0.947 | contact bank |
NOK/SEK (BROKERS) | kr 1000 | 1 DAY | kr 0.98 | RATE DETAILS |
SEK/NOK | no minimum | 5/7 DAYS | kr 0.973 | contact bank |
SEK/NOK (BROKERS) | kr 1000 | 1 DAY | kr 1.006 | RATE DETAILS |
Using Bank Norwegian currency exchange services, the Norwegian Krone NOK to Swedish Krona SEK exchange rate is currently kr 0.947 – Moreover, using an FX broker for the currency transfer, the exchange rate would achieve around kr 0.98 – NOK/SEK.
Transfer exchange rates are calculated and updated hourly (Monday to Friday) from 8 am to 4 pm UK – GMT
Exchange rates can sometimes change and sadly banks do not always inform us when they alter them (especially if they raise exchange rates, rather than lower them). A lower foreign exchange rate will typically get you a better deal when sending money to/from Norwegian Krone NOK or the Swedish Krona SEK. The recommended foreign exchange companies listed on our website can save you money and time with your international currency transfer requirements.
If you are transferring funds from a European bank to your Bank Norwegian account, you can easily find the overseas bank foreign exchange rates by visiting the European bank rates area.
1: High street banks will charge an additional commission fee when sending money abroad into another currency. Private brokers offer commission free currency transfers for all transactions that meet their minimum transfer amount.
2: International money transfers sent via Bank Norwegian could take longer to arrive than using a private broker, and unless you pay a premium, most high street banks will take from 3 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction between 1 to 3 days.
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