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NOK to USD Forecast & Exchange Rate Outlook

Latest NOK to USD forecast including bank predictions, key macro drivers and recent Norwegian krone to US dollar exchange-rate trends. We compile forecasts from leading FX analysts and compare them with current market performance.

 

NOK/USD Outlook:

The NOK/USD rate is currently strong at 4% above its 90-day average, trading near recent highs. This is supported by rising oil prices and positive economic data from Norway.

Key drivers:

• Rate gap: The Norges Bank has a more hawkish stance compared to the Fed, which is likely to support the NOK.

• Risk/commodities: The recent uptrend in oil prices, now at 90-day highs, boosts demand for NOK as Norway is a major oil exporter.

• One macro factor: Improved inflation data in Norway has led to increased market confidence, reducing the likelihood of rate cuts this year.

Range:

The NOK/USD is expected to drift within its recent 3-month range, maintaining strength due to favorable economic conditions.

What could change it:

• Upside risk: A significant increase in global oil prices could further strengthen the NOK.

• Downside risk: If U.S. economic data shows surprising strength, it may lead to a stronger USD and pressure on the NOK.

NOK-USD Rate Calculator

 
   
   
   
   
 
   
 
 

NOK to USD Market Data

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

 
Sell NOK   →   Buy USD
1 NOK =
0.1044We compare provider deals to this wholesale mid-market rate. Read more
USD
1d+1.0%▲
14dLows◒
NOK to USD at 0.1044 is 2.8% above its 3-month average of 0.1016, having traded in a relatively stable 7.6% range from 0.097970 to 0.1054
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  1 USD = 9.5831 NOK

Compare & Save - Norwegian krone to US dollar

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

Use our NOK to USD 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 Krone to Dollar currency rates and the possible savings of using various providers.

 
 

Will the Norwegian krone rise against the US dollar?

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

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

DateNOK/USDPeriod
14 Feb 2026
0.1052
2 Week
30 Nov 2025
0.0988
3 Month
28 Feb 2025
0.0888
1 Year
01 Mar 2021
0.1169
5 Year
02 Mar 2016
0.1154
10 Year
05 Mar 2006
0.1502
20 Year
NOK/USD historic rates

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 NOK/USD 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