Sweden’s Swedbank charges around 2.3% margin or exchange rate for bank money transfers from the Swedish Krona SEK to the Norwegian Krone NOK, you can beat those rates and save when sending money abroad. Making a transfer to or from Swedish Krona SEK using Swedbank’s service could potentially lose thousands of NOK because high rates exchange less on conversion:
SWEDBANK | MIN. TRANSFER | SPEED | *GUIDE RATES | TRANSFER INFO |
---|---|---|---|---|
SEK/NOK | no minimum | 5/7 DAYS | kr 1.003 | contact bank |
SEK/NOK (BROKERS) | kr 1000 | 1 DAY | kr 1.019 | RATE DETAILS |
NOK/SEK | no minimum | 5/7 DAYS | kr 0.952 | contact bank |
NOK/SEK (BROKERS) | kr 1000 | 1 DAY | kr 0.968 | RATE DETAILS |
Using Swedbank currency exchange services, the Swedish Krona SEK to Norwegian Krone NOK exchange rate is currently kr 1.003 – Moreover, using an FX broker for the currency transfer, the exchange rate would achieve around kr 1.019 – SEK/NOK.
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 NOK. 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 Swedbank 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 Swedbank 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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