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    Scotiabank CAD to NOK Exchange Rates

    Compare & Save on Scotiabank Canadian dollar to Norwegian krone FX rates - Check CAD to krone trends and forecasts.

     
    1 CAD =
    7.2374We compare provider deals to this wholesale mid-market rate. Read more
    NOK
    CAD to NOK at 7.2366 is 5.2% below its 90-day average 7.632 with range 7.2366-7.8830.
    |
    Sell CAD   →   Buy NOK
    Track Rate

      1 NOK = 0.1382 CAD
    CADNOK :
    90-DAYLOW
    4-DAY-2.6%

    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.


    Since the start of the Russia/Ukrainian war the risk on-off markets had been pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar.

    However from mid-September the loonie has weakened down from this range to around 0.73 relative to the greenback.

    DateCAD/NOKChangePeriod
    18 Nov 2022
    7.5981
    4.7% 2 Week
    03 Sep 2022
    7.6321
    5.1% 3 Month
    02 Dec 2021
    7.0966
    2% 1 Year
    03 Dec 2017
    6.5311
    10.9% 5 Year
    04 Dec 2012
    5.6599
    27.9% 10 Year
    07 Dec 2002
    4.6340
    56.3% 20 Year
    CAD/NOK historic rates & change to 02-Dec-2022

    Scotiabank CAD to NOK - Compare & Save

    Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest CAD to krone exchange 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 on Scotiabank CAD to krone currency rates and the possible savings of using different FX providers.

     

    Loading rates...

    ProviderAmountsRateTotal Cost
       
       
       
       
     

    Wire Transfer Send/Receive Fees

    Send money internationally as a direct deposit to your family or friends using your mobile app or online banking
    $1.99*/transfer on select accounts
    Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies) Free
    Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable) $1.50
    Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies) $4.50
    (optional Advice $5.00)
    Transferring a Scotiabank account balance to another financial institution $20.00
    Incoming Wire Transfer fees  
    Incoming Wire Transfer identified as a Pension Payment in the payment message $1.50 per transfer*
    All other Incoming Wire Transfers $15.00 CAD/USD per transfer*

    * All fees are charged in the currency of the account.

    Scotiabank FX Rates based on publicly available information available here.

     
       

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    Click below for the Request Quotes form and enter your transfer details (BER account required).

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    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

       

    Country Guides - Canadian dollar & Norwegian krone

     
    NorwayNorway (NOK)Bouvet IslandBouvet Island (NOK)CanadaCanada (CAD)
    Svalbard and Jan MayenSvalbard and Jan Mayen (NOK)
       
     

    How to get a good CAD 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

    Generally speaking, if you are buying Norwegian krone with Canadian dollar, then it's good for the CAD/NOK exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

    You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Norway.

     

    Will the Canadian 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 CAD/NOK to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

     
    Track Rate
     

    Manage My Rates

     

    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.