Several Scandinavian countries have not adopted the Euro as of yet. Please refer to the following to find the correct currency for the country you plan to visit.
Sweden has not adopted the Euro (yet). Swedish kronor (currency code: SEK) have been the currency of Sweden since the 19th century. The plural is kronor and one krona is divided into 100 öre. The currency is sometimes informally referred to as the "Swedish crown" and is abbreviated "kr." Exchange rate: 1USD to approximately 9.22 Swedish Krona
Norway's currency is the Norwegian krone (abbreviation: "kr.") It is subdivided into 100 øre and the currency code for the money is NOK. The name translates into English as "crown". The krone was introduced in 1875, replacing the Norwegian speciedaler. Norway has not adopted the Euro. Exchange rate: 1USD to approximately 8.52 Norwegian Krone
Denmark and Greenland (Denmark's autonomous province) use Danish kroner as their currency. 1 krone is divided into 100 øre. The official currency code is DKK; the domestic abbreviation is "kr.". Occasionally, the form DKR or Dkr is seen, but these currency codes are not official. Denmark has not adopted the Euro. Exchange rate: 1USD to approximately 7.01 Danish Kroner
The króna is the currency of Iceland. The Icelandic name, meaning "crown", is related to the other Scandinavian currencies listed above. 1 krona is subdivided into 100 aurar (singular: 1 eyrir). ISK is the currency code for Icelandic krona. Exchange rate: 1USD to approximately 113.09 Icelandic Krona
The monetary unit in Norway, Denmark, Sweden and Iceland is one krone (equals 100 ore). In Finland, it is one euro (equals 100 euro cents). The currencies of the five countries are not interchangeable. It is not necessary to purchase foreign currency in the US as you can generally obtain good rates of exchange at banks located in the arrival airport. Six-month average exchange rates as of May 2012 are:
Norway 1 USD = NOK 5.78
Denmark 1 USD = DKK 5.66
Sweden 1 USD = SEK 6.76
Finland 1 USD = EUR 0.76
Iceland 1 USD = ISK 123.58
Exchange rates fluctuate. For exact rates, consult your local bank, the business section of your local paper or online at www.oanda.com.
Credit cards and traveler's checks
Although cash and traveler’s checks may be exchanged at most hotels and possibly larger department stores, the best rate of exchange is obtained at a bank or post office. Banks are open Monday-Friday, and may close as early as 3-4 p.m., depending on location. Banks at airports, rail and ship terminals often have longer hours, particularly at peak travel times. The banks at the airports are located in the baggage claim area in Copenhagen and Stockholm, and in the arrival hall (after Customs) in Oslo. Although cash transactions may generally have lower fees, the exchange rate for cash is generally lower than for traveler’s checks. Fees may vary depending upon the bank, with some banks charging a fee per traveler’s check rather than a flat fee for the service. There are more than 800 ATM’s in Norway. However, be aware that ATM’s in Europe only accept 4-digit numerical PINs. Generally ATM cash conversion rates are better than conversion rates assessed by credit card companies. For specific locations of ATM machines, please visit:
Major credit cards (Visa, MasterCard and American Express) are honored in Scandinavia at most hotels, stores, banks, and restaurants - depending on card type. Please note that most credit card companies now charge a foreign transaction fee for purchases made abroad. Credit cards are not as widely accepted for ship and rail travel.
It is recommended to notify your bank that you may use your debit and/or credit card in a foreign country while on vacation.
Duty Free Allowance to Scandinavia
U.S. and Canadian citizens are permitted to bring into Norway, Sweden, and Finland 1 liter of alcohol content not exceeding 22% proof, and 2 liters of beer, as well as 400 cigarettes or 250 grams of other tobacco goods. In Denmark and Iceland it is allowed to import 1 liter of liquor, 2 liters of wine and 200 cigarettes. For further information, check regulations for duty free allowances with the airport or the Scandinavian Tourist Board at (212) 885-9700 email@example.com. As customs regulations are subject to change without notice, it is recommended that you reconfirm these amounts prior to your departure.