In this guide we review :
- Travelling in Norway - Practical tips
- Buying Norwegian Krone Cash Online - Travel money for Norway
- Norwegian Krone (NOK) - Currency Market News
- Sending Money to Norway - Save on Norwegian Krone bank transfers
- Norwegian Krone Exchange Rates - Latest info & charts.
Norway Travel Practical Tips
Norway has less than 5 million inhabitants, but it is a large country and sparsely populated. Foreign visitors usually underestimate distances and traveling time. Travel along the coast, fjords and mountains is complex, and public transport is often limited to one bus a day. Due to this seeing all of Norway will take more than a few days. Health standards are very high and visitors generally don't have to worry about personal security. Tap water is not only drinkable but usually of very high quality. Norway is full of great places to visit, while going to the North you can go to Ålesund, Trondheim, Lofoten Islands, even North Cape at the Northernmost tip. You can even visit Svalbard near North Pole which is a quite demanding trip though. Be sure to get out into the countryside, it is gorgeous and rugged. The midnight sun is a nice experience, and can be seen anywhere North of Bodø around mid summer. About half of Norway lies above the arctic circle. There is absolutely no need to go to North Cape to experience the midnight sun.
Norway is one of the richest countries in the world and many things are accordingly expensive. Note that service and taxes (VAT) is always included in the price offered, nothing is added to the bill. Air transport is relatively cheap if the traveller are flexible with regard to time and date.
Travel Money for Norway - Buying 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.
Norway Trip Checklist
- Compare NOK Travel Cash Rates - probably why you are here!
- Hotel Deals - Save on your accomodation in Norway
- Travel Insurance - for those unexpected travel adventures...
- Lonely Planet - Travel Guide 3 for 2 offer
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 Norway
When sending money to Norway 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 Norway.
You can save around 5% and maybe more - end result is more Norwegian Krone deposited into the recipient bank account in Norway and less margins and fees kept by the banks!Compare Transfer Exchange Rates to Norway