Norwegian Krone (NOK)
The Norwegian krone is the currency of Norway and a petrocurrency, supported by the country's oil and gas exports. Norges Bank sets policy.
The latest available mid-market reference is 1 NOK = 0.1048 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the Norwegian Krone
Norway is a major oil and gas exporter, and the krone is used in Nordic and energy trade. The country's sovereign wealth fund is the largest in the world, which supports confidence in the currency.
A short history
The krone was introduced in 1875 and has been floated since 1992. Norway has twice voted against joining the European Union.
What moves the Norwegian Krone
Oil and gas prices, Norges Bank policy, the global rate cycle and risk appetite. The krone often weakens when energy prices fall or markets turn cautious.
Live NOK exchange rate
| Currency | 1 NOK equals |
|---|---|
| US Dollar (USD) | 0.1048 |
| Euro (EUR) | 0.09427 |
| British Pound (GBP) | 0.078824 |
| Japanese Yen (JPY) | 16.7107 |
| Chinese Yuan (CNY) | 0.7004 |
| Indian Rupee (INR) | 9.8319 |
| Canadian Dollar (CAD) | 0.1492 |
| Australian Dollar (AUD) | 0.1529 |
| Swiss Franc (CHF) | 0.087144 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
NOK conversion pages
Other currency profiles
Norwegian Krone questions
What is the Norwegian Krone?
Norwegian Krone (NOK) is used in the following countries and territories: Norway and Svalbard. Central bank: Norges Bank. Exchange rate regime: free float.
Which countries use the Norwegian Krone?
The Norwegian Krone is used in the following countries and territories: Norway and Svalbard.
What affects the Norwegian Krone exchange rate?
Oil and gas prices, Norges Bank policy, the global rate cycle and risk appetite. The krone often weakens when energy prices fall or markets turn cautious.