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    Bouvet Island - Norwegian krone - Currency Guide

     

    Foreign exchange guide to Bouvet Island and the Norwegian krone (NOK)

         

    USD/NOK Trend (90-day)

    USD to NOK at 8.8653 has risen 4.5% above its 90-day average, range 8.1905-9.0036.
    |
    1-DAY-0.7%
     

    The below interactive chart displays the USD/NOK trend and UP DOWN HIGH LOW alerts

     
    USD to NOK Currency Trend Chart

    General Currency Info - 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.

       

    NOK Forecasts and Trends

    Sentiment on the krone improved drastically in June after Norway’s central bank raised interest rates and signalled further hikes this year, thereby bucking the trend for lower-rates globally.

    Prior to this, against the US dollar, the krone had tested the massive 8.8 per USD level, a break of which would have had the krone at its weakest level in 3 years. The greenback was back buying 8.5 krone at the time of this report.

    Late last year, against the euro, the krone struck a 10-year low of 10.057 per EUR; it has since recovered to levels near 9.65.

    Danske Bank said following June’s meeting of the Norges Bank that it favoured more krone strength in the third quarter.

    US dollar to Norwegian krone - Historical Rates

    USD/NOKChangePeriod
    19 Jul 2021
    8.9534
    1.4% 1 Week
    26 Jun 2021
    8.4912
    3.9% 30 Days
    27 Apr 2021
    8.2752
    6.6% 90 Days
    26 Jul 2020
    9.1583
    3.6% 1 Year
    27 Jul 2016
    8.5424
    3.3% 5 Years
    29 Jul 2011
    5.4001
    63.4% 10 Years

    USD/NOK rate change to 26-Jul-2021 → 8.8242

     

    $1,000 USD
    =
    kr8,852 NOK

    Converted at USD/NOK interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to NOK - Quick Amounts

    Sell USD   →   Buy NOK
    USD NOK
    $ 1 kr 8.8517
    $ 5 kr 44.26
    $ 10 kr 88.52
    $ 20 kr 177.03
    $ 50 kr 442.59
    $ 100 kr 885.17
    $ 250 kr 2,213
    $ 500 kr 4,426
    $ 1,000 kr 8,852
    $ 2,000 kr 17,703
    $ 5,000 kr 44,259
    $ 10,000 kr 88,517
    $ 20,000 kr 177,034
    $ 50,000 kr 442,585
    $ 100,000 kr 885,170
    USD NOK
    $ 0.1130 kr 1
    $ 0.5650 kr 5
    $ 1.1300 kr 10
    $ 2.2600 kr 20
    $ 5.6500 kr 50
    $ 11.30 kr 100
    $ 28.25 kr 250
    $ 56.50 kr 500
    $ 113.00 kr 1,000
    $ 226.00 kr 2,000
    $ 565.00 kr 5,000
    $ 1,130 kr 10,000
    $ 2,260 kr 20,000
    $ 5,650 kr 50,000
    $ 11,300 kr 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Bouvet Island?

    The domestic currency in Bouvet Island is the Norwegian krone.

    What is the Norwegian krone currency code and symbol?

    The three letter currency code for the Norwegian krone is NOK — symbol is kr.

    Which countries use the Norwegian krone?

    It is the domestic currency in    Norway,   Bouvet Island and Svalbard and Jan Mayen.

    Is the Norwegian krone a closed currency?

    No, the Norwegian krone is freely available and convertible. See guide: What is a closed currency?

     

    Travel, Currency and Money saving tips for 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.

     

    Travel money for Bouvet Island

    Save money and time by Ordering your Norwegian krone online from Travelex, you get better rates and can pick up the NOK cash locally or even on travel day at the airport.

    Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

    For card purchases if offered a choice of currencies always select to Pay in Norwegian krone otherwise you may get much worst exchange rates.

     

    Send Money to Bouvet Island - Best Rates

    To get a good (and fair) exchange rate when sending money to Bouvet Island you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


    Get a better deal for foreign transfers to Bouvet Island

    When sending money to Bouvet Island it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

    1. Open an account with a BER reviewed FX provider (id docs may be required)
    2. You specify the local or Norwegian krone amount you want to transfer
    3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
    4. Once your funds are received by the provider the converted NOK amount will be transfered to the recipient account you specify in Bouvet Island.

    Use the above Send to Norwegian krone calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Norwegian krone deposited into the recipient bank account and less margins and fees kept by the banks!


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