Lund

1. Official Currency

The official currency of Sweden, including Lund, is the Swedish Krona (SEK). The symbol for the krona is kr, and its international currency code is SEK. One krona is subdivided into 100 öre, though öre coins are no longer in circulation (prices are rounded to the nearest krona).

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2. Exchange Rates

Exchange rates for the Swedish krona fluctuate daily based on global currency markets. As of October 2023, the approximate exchange rates are:

• 1 USD ≈ 11 SEK
• 1 EUR ≈ 11.5 SEK
• 1 GBP ≈ 13 SEK

It’s always a good idea to check the current exchange rate before traveling. You can use online currency converters like XE or OANDA for real-time rates.

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3. Where to Exchange Money

While Sweden is a highly cashless society, you may still need to exchange some money for small purchases or emergencies. Here are your options:

a. Currency Exchange Offices

• Forex Bank: A popular and reliable option for exchanging money in Sweden. Forex Bank has branches in Lund and other major cities.
• X-change: Another currency exchange service, though less common in smaller cities like Lund.
• Banks: Major Swedish banks (e.g., SEB, Swedbank, Handelsbanken) may offer currency exchange services, but they often charge higher fees.

b. ATMs (Bankomater)

• ATMs are widely available in Lund and are a convenient way to withdraw Swedish krona directly. Look for ATMs labeled Bankomat or Uttagsautomat.
• Most ATMs accept international debit and credit cards (Visa, Mastercard, etc.).
• Be aware of potential foreign transaction fees from your home bank.

c. Airport Exchange

If you’re arriving at Copenhagen Airport (the nearest major airport to Lund), you can exchange money there. However, airport exchange rates are typically less favorable, so it’s better to exchange only a small amount for immediate needs.

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4. Use of Credit/Debit Cards

Sweden is one of the most cashless societies in the world, and Lund is no exception. Credit and debit cards are widely accepted, even for small transactions. Here’s what you need to know:

• Accepted Cards: Visa, Mastercard, and Maestro are universally accepted. American Express and Diners Club are less commonly accepted.
• Contactless Payments: Most businesses accept contactless payments, making it quick and easy to pay with your card or mobile device.
• PIN Requirement: You’ll often need to enter your PIN for card transactions, so make sure you know it.
• Foreign Transaction Fees: Check with your bank for any fees associated with using your card abroad.

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5. Mobile Payment Options

Sweden is a leader in mobile payment technology, and many Swedes use apps like Swish for peer-to-peer payments. However, Swish requires a Swedish bank account, so it’s not an option for most visitors. Instead, you can use:

• Apple Pay
• Google Pay
• Samsung Pay

These mobile payment options are widely accepted in Lund, especially in restaurants, shops, and public transport.

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6. Typical Costs for Common Items

Here’s an idea of what you can expect to pay for everyday items in Lund (as of 2023):

• Cup of coffee: 30–40 SEK
• Meal at an inexpensive restaurant: 120–150 SEK
• Three-course meal for two at a mid-range restaurant: 600–800 SEK
• Bottle of water (0.5L): 15–20 SEK
• Beer (0.5L, domestic): 60–80 SEK
• Public transport (single ticket): 30–40 SEK
• Taxi ride (5 km): 150–200 SEK
• Groceries (e.g., bread, milk, eggs): 20–40 SEK per item

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7. Local Considerations and Tips

a. Cashless Society

• Many businesses in Lund no longer accept cash, so it’s best to rely on cards or mobile payments.
• If you do carry cash, keep it to a minimum, as you may not use it often.

b. Tipping Culture

• Tipping is not mandatory in Sweden, but it’s appreciated for good service. Rounding up the bill or leaving 5–10% is common in restaurants.
• For taxis, rounding up to the nearest 10 SEK is sufficient.

c. Public Transport Payments

• Public transport in Lund (buses and trains) is cashless. You’ll need a Jojo card (a rechargeable travel card) or a contactless payment method to pay for tickets.

d. Avoid Dynamic Currency Conversion

• When paying by card, you may be offered the option to pay in your home currency instead of SEK. Always choose SEK to avoid unfavorable exchange rates.

e. VAT Refund for Tourists

• Sweden has a Value Added Tax (VAT) of 25% on most goods and services. As a non-EU visitor, you may be eligible for a VAT refund on purchases over 200 SEK. Ask for a Tax-Free Form when shopping and present it at the airport when leaving the EU.

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8. Emergency Money Tips

• Keep a backup credit or debit card in case your primary card is lost or stolen.
• Store some emergency cash in a secure place, but don’t carry large amounts with you.
• If you lose your card, contact your bank immediately to block it and request a replacement.

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By following these tips and understanding the local currency practices, you’ll have no trouble managing your money during your visit to Lund. Enjoy your trip!