Currency in Norway: NOK Send & Spend FX Guide
Resources for Expats, Travelers and Entrepreneurs Navigating Life and Trade in Norway with the Norwegian krone.
What's in this Norway currency guide?
What currency is used in Norway?
The official currency of Norway (country code: NO) is the Norwegian krone, with symbol kr and currency code NOK.
What is a good Norwegian krone exchange rate?
The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:
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Frequently Asked Questions
What currency should I use in Norway?
The domestic currency in Norway 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.
What does the Norwegian krone look like?
Here is an example Norwegian krone banknote:
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?
What are equivalent amounts of USD and NOK?
Here are some popular conversion amounts for USD to NOK (US dollar to Norwegian krone)*.
*Converted at the current USDNOK interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Travel money for Norway
Using Wise for Norwegian krone travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Norwegian krone otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Norwegian krone cash before departure, you can save money by ordering online. You generally get better rates and can pick up the NOK cash locally or even on travel day at the airport.
USD/NOK Market Data
The below interactive chart displays the USD/NOK change and UP📈 DOWN📉 trends over the past 1 Year.
Send Money to Norway - Best Rates
To get a good (and fair) exchange rate when sending money to Norway 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 Norway
When sending money to Norway 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Norwegian krone amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted NOK amount will be transfered to the recipient account you specify in Norway.
Use the above 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!
