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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.

 

The EUR to NOK exchange rate is currently facing multiple pressures due to ongoing economic uncertainties. The euro has slipped as a result of internal divisions within the EU regarding the EU-US trade deal negotiations. This uncertainty has compounded with disappointing retail sales data in the Eurozone, inciting concerns about economic performance and growth.

Analysts are particularly focused on recent inflation rates in the Eurozone, which remain elevated, influencing the European Central Bank's (ECB) monetary policy outlook. There are indications from ECB officials that the pause in interest rate hikes could provide some stability for the euro, but concerns about slowing GDP growth and geopolitical tensions continue to weigh heavily on investor sentiment. High energy prices and their volatility are further complicating economic prospects, especially given their critical impact on the Eurozone's economic recovery and inflation rates.

On the other side, the Norwegian krone (NOK) has seen a significant rally, appreciating 9% year-to-date against the dollar, driven largely by positive sentiment surrounding European equities and surprising inflation figures in Norway. Current market forecasts suggest limited easing from the Norges Bank, which is supportive of NOK's strength. However, analysts from ABN-Amro caution that the EUR/NOK pair appears undervalued based on short-term performance and excess optimism concerning European economic conditions, which could lead to a potential rebound in EUR/NOK to 11.50 in the coming months.

Recently, the EUR/NOK exchange rate has been at 11.84, which is 1.2% above its 3-month average of 11.7, and has shown a stable trading range between 11.41 and 12.04. This stability contrasts with the volatility seen in the oil market, where oil prices are currently at $70.44, above the 3-month average of $67.21. The swings in oil prices, which have fluctuated in a 31.1% range, will continue to impact both the euro and krone as they are both sensitive to shifts in energy costs.

In summary, the path forward for the EUR/NOK rate will likely hinge on macroeconomic indicators from both the Eurozone and Norway, particularly concerning inflation control, ECB policy decisions, and global oil market trends. Investors and businesses should remain vigilant of these developments as they prepare for international transactions.

EUR-NOK Rate Calculator

 
   
   
   
   
 
   
 
 

EUR to NOK Market Data

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

 
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EUR to NOK at 11.84 is 1.2% above its 3-month average of 11.7, having traded in a quite stable 5.5% range from 11.41 to 12.04
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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.

 
 

Will the Euro rise against the Norwegian krone?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Euro vs Norwegian krone current value is to look the EUR/NOK historic rate and change over a range of periods.

The following table looks at the change in the EUR to NOK exchange rate over periods from the previous week back to the last 10 years.

DateEUR/NOKChangePeriod
30 Jun 2025
11.88
0.1% 2 Week
15 Apr 2025
12.01
1.2% 3 Month
14 Jul 2024
11.69
1.5% 1 Year
15 Jul 2020
10.59
12.1% 5 Year
17 Jul 2015
8.8470
34.2% 10 Year
19 Jul 2005
8.0178
48% 20 Year
EUR/NOK historic rates & change to 14-Jul-2025

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.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

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