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Compare AUD to NOK Exchange Rates
Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the wholesale AUD/NOK mid-rate (shown above) or a transaction fee and often both!
The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using another FX provider.
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Australian dollar to Norwegian krone - Recent Trend
AUD - NOK - Forecasts & News
Sentiment on the krone improved drastically in June after Norway’s central bank raised interest rates and signalled further hikes this year, thereby bucking the trend for lower-rates globally.
Prior to this, against the US dollar, the krone had tested the massive 8.8 per USD level, a break of which would have had the krone at its weakest level in 3 years. The greenback was back buying 8.5 krone at the time of this report.
Late last year, against the euro, the krone struck a 10-year low of 10.057 per EUR; it has since recovered to levels near 9.65.
Danske Bank said following June’s meeting of the Norges Bank that it favoured more krone strength in the third quarter.
Until the recent Fed Reserve pivot, the Australian dollar had benefited from the US dollar sell-off since late last year as investors moved away from the safe haven of the USD and into riskier assets. AUD Forecasts
How to get a good AUD to NOK Exchange Rate
There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.
Reduce Excessive costs and fees
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
What is a good AUD to NOK exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Australian dollar vs Norwegian krone current value is to look the AUD/NOK historic rate and change over a range of periods.
The following table looks at the change in the AUD to NOK exchange rate over periods from the previous week back to the last 10 years.
| AUD/NOK | Change | Period |
|---|---|---|
| 26 Jul 2021 → 6.5111 | 0.4% ▼ | 1 Week |
| 03 Jul 2021 → 6.4727 | 0.2% ▲ | 30 Days |
| 04 May 2021 → 6.4230 | 1% ▲ | 90 Days |
| 02 Aug 2020 → 6.5036 | 0.3% ▼ | 1 Year |
| 03 Aug 2016 → 6.4192 | 1% ▲ | 5 Years |
| 05 Aug 2011 → 5.7438 | 12.9% ▲ | 10 Years |
AUD/NOK rate change to 02-Aug-2021 → 6.4865
Will the Australian dollar rise against the Norwegian krone?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add AUD/NOK to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.
More Australian dollar rates
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