Foreign Exchange Guide to Bouvet Island
In this guide we review :
- Buying Norwegian Krone Cash Online - Travel money for Bouvet Island
- Norwegian Krone (NOK) - Currency Market News
- Sending Money to Bouvet Island - Save on Norwegian Krone bank transfers
- Norwegian Krone Exchange Rates - Latest info & charts.
Travel Money for Bouvet Island - Norwegian Krone (NOK)
Save money and time by Ordering your Norwegian Krone Online from Travelex, you get better rates and can pick up the NOK cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Norwegian Krone otherwise you may get much worst exchange rates.
Norwegian Krone (NOK) - Currency Market News
By mid-August, the Norwegian krone was up more than 9% on the year against the US dollar, at rates around 7.903 (NOK/USD 0.1265).
July’s break through the significant technical level of 8.0 leaves the krone with plenty of space to appreciate further. July’s low of 7.85 was, at the time, the krone’s strongest level for two years and that low remains within striking distance at the time of this report.
Earlier in the year, the krone had underperformed against its peers – the euro and the Swedish krona – because of a 20% fall in the oil price between January and mid-June. Norway’s currency is heavily influenced by oil and gas prices since exports of these commodities make up half of the country’s total exports. The krone brightened up after oil climbed from $42 to $49 per barrel between mid-June and mid-August.
Against a resurgent euro, the krone did well in July and was holding steady in August. EUR/NOK was trading close to 9.29 (NOK/EUR 0.1076).
In September, Dutch bank ABN Amro predicted that the krone would appreciate 20% against the dollar by the end of 2018, with USD/NOK falling to 6.54. As reasons for the krone’s climb, ABN cited “strong conviction” on future US dollar weakness, future commodity price rises, an improvement in global trade and potential interest rate hikes by Norges Bank. The krone was forecast to appreciate the most of all G10 currencies.
Sending Money to Bouvet Island
When sending money to Bouvet Island it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :
- Open an account with a provider (id docs may be required)
- You specify the local or Norwegian Krone amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted NOK amount will be transfered to the recipient account you specify in Bouvet Island.
You can save around 5% and maybe more - end result is more Norwegian Krone deposited into the recipient bank account in Bouvet Island and less margins and fees kept by the banks!Compare Transfer Exchange Rates to Bouvet Island