Exchange rates
Nordea quotes exchange rates on national banking days at least three times a day:
- in the morning at 8.00,
- at noon at 12.15 and
- in the afternoon at 16.15 (approximate times).
Morning and noon rates are based on market prices and afternoon rates are based on market prices and the quotations of the European Central Bank.
List rates
Buying and selling rates of account currency are applied in commercial transactions
worth less than EUR 40,000.
Buying and selling rates of cash currency are applied to buying and selling bank notes worth less than EUR 20,000.
Other rates
Valuation rates are based on European Central Bank quotes and market prices. They are published on all Target days at 16.15 (approximate time).
Indicative middle rates for non-convertible currencies are published at 16.15 (approximate time).
Exchange rates are also available for electronic processing and as an Excel file.
Forward rates are indicative. They must always be agreed on with Nordea Markets.
Indicative forward rates are also available for electronic processing.
Quoting of currency
The exchange rates are presented in the form: 1 euro is amount x in currency. To get the countervalue of a currency in euros, divide the currency amount by the exchange rate. Correspondingly, to exchange the euro for a currency, multiply the amount in euros by the exchange rate.
Nordea is entitled to limit or close trading in any currency under exceptional circumstances.
