Norwegian Krone to Swiss Franc - Convert Compare Save
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
Whenever you are researching a particular exchange rate you are actually interested in two currencies as exchange rates are the ratio between two currencies.
So it follows that if you are determining the best time to transact, in this case the NOK vs CHF, you should pay attention to the forecasts and trends for both Norwegian Krone and Swiss Franc:
Norwegian Krone (NOK) outlook
In the second half of April, the Norwegian krone rallied to a 5-month high against the euro, at Kr9.56, and was strong against other major currencies. Strength was fuelled by a thriving oil market. Oil, Norway’s largest export, was up 44 percent on the year by April-20, to $65 per barrel. Also boosting the krone in April were better-than-expected inflation figures — inflation is now 2.9 percent, more than double that in the Euro Area (1.4 percent).
As expected, Norway's central bank raised interest rates to 1 percent in March. Tighter Norwegian monetary policy throughout 2019 would support the krone, especially if the ECB fails to raise rates.
Earlier this year, Lloyds predicted EUR/NOK at 9.4 at year-end. That level represents a major resistance point for the krone; EUR/NOK hasn’t broken below 9.4 since October 2017.
Swiss Franc (CHF) outlook
The Swiss National Bank continues to reaffirm its commitment to an ultra-loose monetary policy, which includes negative interest rates and a willingness to intervene in FX markets, in an effort to spark inflation in the economy.
The SNB would have been happy, therefore, with the franc’s April slump. In the first 17 trading days of April (to April-23), the franc gained in only 5 against the euro, putting it on course for its worst monthly performance in 2 years. The franc traded at a 6-month low against the euro (Fr1.147) and at a 2-year low against the dollar (Fr1.023).
Why can't I just get the NOK/CHF market rate I see online or in the media?
The NOK/CHF mid-rate is the rate you will see quoted online or the news, nobody except the largest banks and businesses can get
exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the NOK / CHF was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however 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.
Switzerland
Liechtenstein