Sending money abroad costs money. If your money is headed to Sweden, skipping the banks and using a currency specialist is the best way to reduce this cost.
Sweden is a land of many opportunities. For instance, there are currently no legal restrictions on foreigners buying property in Sweden. You can also go to Sweden to study or travel. In addition, Canada's imports¹ from Sweden amount to billions of dollars, with Canadian businesses purchasing machinery, pharmaceuticals, electricals, and more from Swedish suppliers.
Whether you wish to buy an idyllic Swedish Falu-red cottage or have your Scandinavian destination wedding under the Northern Lights, you'll need to send money to Sweden from Canada.
The smartest and best way to transfer money to Sweden is via a transfer service that offers competitive exchange rates, low transfer fees, and all-around convenience.
Although Sweden is an EU country, it hasn't adopted the Euro yet. Instead, the official currency of Sweden is the Swedish Krona, and for the most part, Euros are not accepted in the country. So, you need to find a favorable CAD to SEK exchange rate when transferring money to save as much money as possible.
For instance, MTFX exchange rates are typically 3-5% lower than banks. That means you can pocket up to $1,500 for every $30,000 transferred. So, sending money via MTFX is an excellent place to start if you're looking for a good exchange rate. To take things up a notch, you can also use MTFX's range of foreign exchange tools to streamline the process.
Start by using the live rate currency calculator to match the Canadian dollar to the Swedish Krona. Discover how your dollars convert before initiating your transfer.
There are many ways to send money abroad, but they are not made equal. Banks and credit unions always seem like a convenient option, yet they come with hefty costs that water down the value of your money. Besides the not-very competitive exchange rates, you'll usually have to pay expensive transfer fees, while the transfer speed isn't optimal.
A better option is using a specialist foreign exchange service like MTFX, which has many selling points. It's a cost-effective option providing access to competitive exchange rates and low transfer fees.
This service offers faster deliveries with transfers reaching their destination within 24-48 hours. In addition, your secure online account is the perfect gateway to convenient, safe, and efficient overseas foreign exchange payments anytime and anywhere.
As a Canadian, you can open an MTFX personal or business account to transfer money to Sweden:
Besides your personal or business details, here's what you need to make an international money transfer to Sweden from Canada:
If you have chosen Sweden as your study-abroad destination, you may need to send money regularly to a Swedish bank account to pay for tuition. Or perhaps you're planning to relocate to Sweden to join the community of Canadian expats. Sweden's cost of living is relatively high², so you may also need to move Canadian dollars frequently to Sweden.
The same applies to businesses with Swedish suppliers and remote employees on the payroll. Whatever your circumstances, MTFX allows you to set up simple, regular payments via your online account. Moreover, with MTFX's automated technologies and specialized services, managing your overseas payment has never been cheaper, faster, or easier.
Transferring via MTFX is a package deal with competitive exchange rates, low transfer fees, foreign exchange tools, and expert guidance. That means more savings in your wallet and less hassle with every overseas payment.
Ready to start making the most of your money?
Register an account today with MTFX to send money to Sweden conveniently and efficiently.
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