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    EUR to NOK 2025 Forecasts

    Analysis of recent euro → krone forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Euro to Norwegian krone performance and trends.

     

    Forecasts for EUR to NOK

     

    The EUR to NOK exchange rate has been subject to recent fluctuations influenced by broad economic and geopolitical factors. Currently, the EUR/NOK rate is at 11.61, which is just 0.8% below its 3-month average of 11.7, having experienced a stable trading range between 11.30 and 12.11. Analysts indicate that the euro has been under pressure, largely due to dovish comments from European Central Bank (ECB) policymaker Martins Kazaks, suggesting the possibility of further interest rate cuts from the ECB.

    Meanwhile, the Norwegian krone (NOK) has appreciated significantly, showing a 9% rise against the US dollar year-to-date, driven by improved European economic sentiment and a surprising inflation rise in Norway. According to experts, while markets currently expect only a minor easing from the Norges Bank in March, the outlook for NOK remains strong for the immediate future.

    Forecasts from ABN-Amro suggest that EUR/NOK is undervalued based on short-term indicators, potentially leading to a rebound to around 11.50 in the second quarter. This anticipation comes as US tariffs could dampen European sentiment and economic activity. Consequently, the EUR could be pressured if these tariffs indeed influence the broader economic landscape adversely.

    In terms of oil prices, which this market tends to track due to Norway's commodity-driven economy, the recent data shows that oil is trading at 65.52, approximately 4.5% below its 3-month average of 68.63, and has been characterized by a high volatility range of 27.3%. As oil prices can directly affect the NOK, fluctuations in the energy sector will continue to be a significant factor influencing the EUR/NOK exchange rate.

    As geopolitical tensions remain unresolved, particularly related to the ongoing war in Ukraine, and with energy security being a critical issue for Europe, traders should closely monitor these developments as the balance between the euro's weakness and the NOK's strength continues to evolve.

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    EUR to NOK Market Data

    Euro (EUR) to Norwegian krone (NOK) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    Sell EUR   →   Buy NOK
    1 EUR =
    11.63We compare provider deals to this wholesale mid-market rate. Read more
    NOK
    +0.2%
    30d-lows
    EUR to NOK at 11.61 is just 0.8% below its 3-month average of 11.7, having traded in a relatively stable 7.2% range from 11.30 to 12.11
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    Compare & Save - Euro to Norwegian krone

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Euro (EUR) to Norwegian krone (NOK) rates from different sources before making a conversion.

    Use our EUR to NOK calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Euro to Krone currency rates and the possible savings of using various providers.

     
    DateEUR/NOKChangePeriod
    05 May 2025
    11.76
    1.2% 2 Week
    18 Feb 2025
    11.65
    0.3% 3 Month
    19 May 2024
    11.60
    0.2% 1 Year
    20 May 2020
    10.87
    6.9% 5 Year
    22 May 2015
    8.4022
    38.3% 10 Year
    24 May 2005
    8.0777
    43.9% 20 Year
    EUR/NOK historic rates & change to 19-May-2025
     

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    Will the Euro rise against the Norwegian krone?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add EUR/NOK to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more