Euro payments cheaper, even between non-eurozone – study
Nordic central banks say they are far off G20 target for cutting cross-border payment costs
It is cheaper to send money in euros, even when the payments are between non-eurozone countries, a new study from the Nordic central banks concludes.
In their report published on October 28, the monetary authorities of Denmark, Finland, Iceland, Norway and Sweden find that sending €200 ($222.60) in euros costs both the payer and payee together less than 1% of the amount, even if the money has to be converted twice.
By contrast, the cost of sending the same amount in Danish or Norwegian kroner
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