Do you save money on cross-border shopping? Give your tips in the comments section below! – Food has become so outrageously expensive in Norway. It doesn’t matter if the krone exchange rate is a bit similar, because you win by and large, says An Truong. He and his partner often take the boat from Sandefjord to Strömstad in Sweden to save money on grocery shopping. Truong believes the family saves up to 8,000 a year by shopping across the border. But now there may be fewer kroner to save. The course does not play in teams. – I usually keep an eye on the krone exchange rate and focus on when it is most profitable to save. But for us as a family of six, it pays anyway to shop in Sweden, says Truong. An Truong and his partner Henriette Granerød from Sandefjord have three children and often do wholesale in Sweden to save money. Photo: Amalie Fagerhaug Evjen / news In recent weeks, the Swedish krona has strengthened significantly. 100 Swedish kroner is today worth 99.69 Norwegian kroner. You have to go back to December 2021 to find a stronger Swedish krone. Strengthened by high interest rates – It is less profitable to shop in Sweden now, says consumer economist Magne Gundersen. Despite worse exchange rates, the consumer economist at Sparebank 1 believes that it can be worthwhile to cross the border – if you plan. – If you are traveling from the Oslo area, you must remember to account for tolls and kilometers to be driven. Don’t just run away to buy milk and bread, then the winnings go up in the spinning. Consumer economist at Sparebank1, Magne Gundersen, believes that people should make a conscious choice as to whether it is worthwhile to shop across the Swedish border. Photo: Photographer Ørnelund AS Gundersen explains that the Norwegian krone weakened because interest rates are low in Norway compared to other countries. Sweden has recently had a sharp rise in interest rates, which leads to a strengthening of the currency. It is bad news for Norwegians. – In other countries, interest rates increase much more and to higher levels than in Norway. This means that the Norwegian krone is weakening, says Gundersen. Don’t be daunted by the krone exchange rate Cross-border trade picked up after all travel restrictions were removed in February 2022, but last year it was still overall lower than before the pandemic. Fresh figures from Statistics Norway show that Norwegians spent NOK 10.4 billion on cross-border shopping on day trips abroad in 2022. Center manager Ståle Løvheim at Nordby Shopping Center does not think the krone exchange rate will stop Norwegians from shopping in Sweden. – With the big price difference that there is for food, this has nothing to do with us at all. Center manager Ståle Løvheim at Nordby Shoppingcenter believes that people take the trip across the border anyway, even if the krone exchange rate is the same. Photo: Rune Fredriksen/news In January, food prices in Sweden rose by 20.4 per cent compared to a year earlier. The month before, this figure was 18.6 per cent. It did not affect traffic. Last week, Nordby Shoppingcenter had over 150,000 visitors. The center manager expects even more visitors towards the summer. – That the krone exchange rate goes up and down, we have lived with that for so many years. It has been stable for a long time now, so we do not see this as drastic. We would prefer the Swedish krona to be as low as possible, and those who believe that you should not trade across the border probably want the Norwegian krona to be as weak as possible, that’s just the way it is. Hello! Welcome to dialogue at news. Since you are logged in to other news services, you do not have to log in again here, but we need your consent to our terms of use for online dialogue
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Now there are fewer kroner to save on cross-border trade – news Oslo og Viken – Local news, TV and radio
