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    Flag of Bouvet Island

    Currency in Bouvet Island – Norwegian krone NOK

    A practical foreign exchange and currency guide to Bouvet Island

    What currency is used in Bouvet Island?

    The official currency of Bouvet Island is the Norwegian krone, with symbol kr and currency code NOK.

    Things to know about the Norwegian krone


    In 2016, the Norwegian krone contributed to 1.7% of total foreign exchange market volume, and as such was the world's fourteenth most traded currency. The krone is subdivided into 100 øre and was introduced in the late nineteenth century.

    Norway’s economy, and consequently the value of the krone, is heavily reliant on oil and gas prices since nearly half of the country’s total exports are these commodities. The krone is therefore aptly termed a ‘petro-currency’. As of 2016, Norway was the world’s tenth largest oil exporter.

    Since 1995, the krone’s lowest valuation against the US dollar came in October 2000 when USD/NOK reached 9.65. The currency was strongest in April 2008 when USD/NOK fell to just 4.94 following a boom in the oil price. Against the euro, since the single currency's introduction in 1999, EUR/NOK has traded between 7.21 and 10.16.

     

    What the Norwegian krone looks like?

     

     

     

    Norwegian krone – Markets & Rates

    1 USD = 9.7425 NOK
    Sell USD  →  Buy NOK
    USD to NOK at 9.7657 is 7.6% above its 90-day average 9.0735 with range 8.5728-9.91.
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    1-DAY+0.7%2d

    DateUSD/NOKChangePeriod
    06 May 2022
    9.4905
    2.7% 2 Week
    19 Feb 2022
    8.9815
    8.5% 3 Month
    20 May 2021
    8.3057
    17.3% 1 Year
    21 May 2017
    8.3784
    16.3% 5 Year
    22 May 2012
    5.9442
    63.9% 10 Year
    25 May 2002
    8.1025
    20.3% 20 Year
    USD/NOK change over periods to 20-May-2022

     

    Compare Norwegian krone Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Norwegian krone.

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    Travelling to Bouvet Island

    Bouvet Island, a dependent Norwegian territory, is the most remote island in the world rising sharply from the freezing waters of the Pacific. It was discovered in 1739 by a French naval officer and later claimed by the British to be finally waived in favor of Norway. It’s barely 50 square kilometers in area with 93 % of it covered by glaciers. The center of the island is occupied by an ice-filled crater of an inactive volcano and according to some data there is a lake of molten lava filling the caldera. The landscape is definitely not welcoming unless you are not put off by heaps of snow and ice formations but it surely is a dramatic one.

    There is no standard telephone connection, no postal code or distribution.

    As there are no ports or harbors, only offshore anchorages, the island is not easy to reach. The best way to access is by ship or helicopter but mind you, only if you are not denied permission. The island and adjacent territorial waters are a designated nature reserve so you might find it quite difficult to get there if your only purpose of visiting is mere tourism.

     

    The Norwegian krone is also the domestic currency in 2 other countries.

     

    Norway

     

     

    Svalbard and Jan Mayen

     

     

     

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