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Norwegian krone Markets

NOK Currency Update - Our review of Norwegian krone forecasts and news plus charts and historic rates. Check NOK Trends over various time periods.

 

In recent weeks, the USD/NOK exchange rate has exhibited a degree of stability, currently positioned at approximately 10.18, just below its three-month average. This rate has fluctuated within a 6.5% range, between 9.90 and 10.54. The U.S. dollar (USD) has gained traction, bolstered by improved U.S. retail sales and supportive consumer sentiment, as markets respond positively to economic data. Analysts note that the stability of the USD is heavily influenced by Federal Reserve policies, inflation trends, and the dollar's role as a safe-haven asset amid geopolitical uncertainties. The U.S. dollar's strength is further reinforced by rising oil prices, which increase global demand for the currency, particularly as oil is a key component of international transactions.

Conversely, the Norwegian krone (NOK) has surged, recording a 9% increase against the dollar year-to-date, fueled mainly by heightened European economic sentiment and an unexpected surge in inflation within Norway. Analysts from ABN-Amro suggest that while the NOK's current strength is notable, the expectation for further gains may be tempered, indicating the potential for a rebound in EUR/NOK as external factors, such as U.S. tariffs, come into play.

Moreover, oil prices have shown volatility, currently sitting at $69.40 per barrel, which is 3.0% above its three-month average. This price movement reflects a broader trend that can significantly impact the NOK, given Norway's status as a major oil exporter. Changes in oil prices not only influence NOK valuation but also the economic outlook for the country.

Market experts advise that the future trajectory of the USD/NOK exchange rate will depend on continued developments in U.S. economic indicators, the Federal Reserve's interest rate decisions, and the interplay between oil prices and regional economic sentiment in Europe. Prospective international transactions should stay informed on these evolving dynamics to optimize currency exchange outcomes.

 

US dollar to Norwegian krone - USD/NOK Trend

 
USD to NOK at 10.18 is just below its 3-month average, having traded in a relatively stable 6.5% range from 9.90 to 10.54
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NOK
 
-0.1%
 
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Norwegian krone - 1 year change versus major currencies
 

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Top NOK Rates


Norwegian krone to US dollar
NOKUSD 90 day chart

NOK to USD at 0.098256 is near its 3-month average, having traded in a relatively stable 6.4% range from 0.094901 to 0.1010
NOK to USD
0.098475
+0.1%

Norwegian krone to Euro
NOKEUR 90 day chart

NOK to EUR is at 7-day highs near 0.084507, 1.2% below its 3-month average of 0.085546, having traded in a quite stable 4.6% range from 0.083722 to 0.087613
NOK to EUR
0.084206
+0.1%

Norwegian krone to Canadian dollar
NOKCAD 90 day chart

NOK to CAD at 0.1348 is near its 3-month average, having traded in a quite stable 4.5% range from 0.1317 to 0.1376
NOK to CAD
0.1347

Norwegian krone to British pound
NOKGBP 90 day chart

NOK to GBP at 0.073232 is just 0.5% above its 3-month average of 0.072866, having traded in a quite stable 4.6% range from 0.071591 to 0.074904
NOK to GBP
0.073004
+0.1%

Norwegian krone to Indian rupee
NOKINR 90 day chart

NOK to INR at 8.4647 is just 0.8% above its 3-month average of 8.3982, having traded in a relatively stable 7.4% range from 8.1020 to 8.7006
NOK to INR
8.4966
+0.1%

Norwegian krone to Japanese yen
NOKJPY 90 day chart

NOK to JPY at 14.58 is 2.5% above its 3-month average of 14.22, having traded in a relatively stable 7.6% range from 13.58 to 14.61
NOK to JPY
14.51
-0.2%
90d-highs

Norwegian krone to Australian dollar
NOKAUD 90 day chart

NOK to AUD is at 7-day highs near 0.1509, just below its 3-month average, having traded in a quite stable 4.6% range from 0.1487 to 0.1556
NOK to AUD
0.1510

Norwegian krone to Singapore dollar
NOKSGD 90 day chart

NOK to SGD at 0.1262 is just below its 3-month average, having traded in a quite stable 4.4% range from 0.1241 to 0.1295
NOK to SGD
0.1261
+0.1%

Norwegian krone to Chinese yuan
NOKCNY 90 day chart

NOK to CNY at 0.7053 is just below its 3-month average, having traded in a quite stable 5.2% range from 0.6891 to 0.7251
NOK to CNY
0.7067
+0.1%

A-Z


Norwegian krone to Danish krone
NOKDKK 90 day chart

NOK to DKK is at 7-day highs near 0.6309, 1.2% below its 3-month average of 0.6383, having traded in a quite stable 4.6% range from 0.6249 to 0.6534
NOK to DKK
0.6286

Norwegian krone to Euro
NOKEUR 90 day chart

NOK to EUR is at 7-day highs near 0.084507, 1.2% below its 3-month average of 0.085546, having traded in a quite stable 4.6% range from 0.083722 to 0.087613
NOK to EUR
0.084206
+0.1%

Norwegian krone to British pound
NOKGBP 90 day chart

NOK to GBP at 0.073232 is just 0.5% above its 3-month average of 0.072866, having traded in a quite stable 4.6% range from 0.071591 to 0.074904
NOK to GBP
0.073004
+0.1%

Norwegian krone to Indian rupee
NOKINR 90 day chart

NOK to INR at 8.4647 is just 0.8% above its 3-month average of 8.3982, having traded in a relatively stable 7.4% range from 8.1020 to 8.7006
NOK to INR
8.4966
+0.1%

Norwegian krone to Swedish krona
NOKSEK 90 day chart

NOK to SEK is at 14-day highs near 0.9491, just 0.7% above its 3-month average of 0.9427, having traded in a quite stable 5.3% range from 0.9184 to 0.9669
NOK to SEK
0.9434
14d-highs

Norwegian krone to US dollar
NOKUSD 90 day chart

NOK to USD at 0.098256 is near its 3-month average, having traded in a relatively stable 6.4% range from 0.094901 to 0.1010
NOK to USD
0.098475
+0.1%