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Money exchange in Norway


Money exchange in Norway

It is possible to exchange money in most banks near tourist information offices, in the post-office or withdraw the money in local currency from the ATM. In some places, however, they don't handle cash in the banks so they only way to exchange money is in the post offices where the exchange fee might be up to 75 kr (9.5 €, US$ 12.2)! You will get the best rate when you withdraw money from the ATM or simply pay with a credit card. Note that the country is currently upgrading to a new system using computer chips embedded in the card and a pin number. Credit cards with magnetic strips are still accepted throughout the country; however, you will have to let the merchant know that the you do not have a pin code you need to sign instead. It is also important to note that sometimes a merchant system will not allow signatures, so it is a good precaution to have cash on hand to pay if needed. For example (August 2009) the exchange rate in the bank was 8,75 NOK for €1 (taking into consideration that it is not possible to exchange an amount for more than 5000 NOK per one transaction and there is a comission of 100 NOK for each transaction); in the tourist information office the rate exchange was 7,28 (no comissions), by withdrawal from ATM the rate was 7,74 (taking into consideration all the bank comissions).

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Norway Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.

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