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NOK to USD 2025 Forecasts

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

 

The Norwegian krone (NOK) has seen a notable recovery against the US dollar (USD), with values currently near 0.098158, which aligns with its three-month average. This stability is underpinned by a significant year-to-date gain of 9% against the dollar. Analysts attribute this performance to improved sentiment regarding the European economy, alongside unexpected inflation figures from Norway that have limited expectations for interest rate cuts by the Norges Bank.

The USD's recent recovery has been bolstered by positive retail sales data and a stabilizing outlook following recent Federal Reserve developments. The dollar's status as a safe-haven asset continues to attract investors amid global uncertainties. However, forex experts caution that future USD strength hinges on the Fed's interest rate policies and broader economic indicators, including inflation rates and employment data.

Inflation trends in Norway have resulted in the market pricing only a minimal easing of interest rates, suggesting that demand for the NOK may sustain for the near term. Economists from ABN-Amro highlight that while the NOK could stabilize against the Euro, a rebound to levels around 11.50 could occur in the second quarter, driven by external factors like U.S. tariffs impacting European sentiment.

Moreover, the oil market plays a critical role in NOK movements, given Norway’s position as a major oil exporter. Recent data indicates that oil prices are currently trading at $69.28, exceeding their three-month average. The volatility in oil prices—having swung in a range of 31.1%—suggests that fluctuations in energy markets could also influence the NOK/USD exchange rate in the coming weeks.

Overall, while the USD's fundamental strengths provide a degree of support, the NOK's recent performance underscores the importance of maintaining a balanced view of both local economic indicators and external market conditions.

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.

 
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1 NOK =
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USD
+1.1%
30d-lows
NOK to USD at 0.098158 is near its 3-month average, having traded in a relatively stable 6.4% range from 0.094901 to 0.1010
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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
28 Jun 2025
0.0992
2 Week
13 Apr 2025
0.0938
3 Month
12 Jul 2024
0.0933
1 Year
13 Jul 2020
0.1058
5 Year
15 Jul 2015
0.1227
10 Year
17 Jul 2005
0.1514
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