I have bank accounts in Nordea Norway and Nordea Finland. I pay now about 2.5% spread fee in moving NOK from Nordea Norway to Nordea Finland in EUR. No other fees apply because moved between the same person.
I trying to decrease the 2.5% spread. I got a hint that use a currency account, registered in Norway for NOK and EUR. I have not get a clear answer from Nordea if this decreases the 2.5% spread cost. My transactions are less than 40 kEUR at once so I cannot the benefits of economics of scale.
How can a currency account decrease the costs of exchanging currencies?