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    TD Bank CAD to NOK Exchange Rates

    Compare & Save on TD Bank Canadian dollar to Norwegian krone FX rates - Check CAD/NOK Trends and Forecasts.

     
    1 CAD =
    7.4374We compare provider deals to this wholesale mid-market rate. Read more
    NOK
    CAD to NOK at 7.4374 is 3.9% above its 90-day average 7.1568 with range 6.8683-7.6872.
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    Sell CAD   →   Buy NOK
    Track Rate

      1 NOK = 0.1345 CAD
    7-DAY-2.0%1d
    14-DAYLOW1d
     

    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.


    Before Russia invaded Ukraine the CAD was being supported by expectations of domestic interest rate hikes – and the oil price was a key driver of CAD strength at the start of the year.

    Since the start of the Russia/Ukrainian war the risk on-off market are pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar (1 USD = 1.27 CAD).

     CAD Outlook

    DateCAD/NOKChangePeriod
    13 May 2022
    7.5646
    1.7% 2 Week
    26 Feb 2022
    6.9441
    7.1% 3 Month
    27 May 2021
    6.9154
    7.5% 1 Year
    28 May 2017
    6.2347
    19.3% 5 Year
    29 May 2012
    5.8757
    26.6% 10 Year
    01 Jun 2002
    5.2053
    42.9% 20 Year
    CAD/NOK change over periods to 27-May-2022

    TD Bank - CAD to NOK - Compare & Save

    The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

     

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    TD Bank Exchange Rates at a glance

    TD Bank offer competitive exchange rates on over 50 foreign currencies for travel money and transfers via their online internet banking at at their branches.

    As usual non-cash rates for transfers are better than Travel Money (Cash) Rates. This reflects the costs and risks associated with shipping, handling and holding foreign currency in cash.

    TD Bank publish their CAD and USD exchange rates here. These Non-Cash rates are available to TD bank clients only and apply to the conversion of paper and electronic instruments such as wire transfers, cheques, drafts, etc.

       

    Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest CAD to NOK Exchange Rate (shown above) or a transaction fee and often both!

     

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    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.

       
     

    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.