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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 recent forecasts for the NOK to USD exchange rate reflect a complex interplay of economic factors affecting both currencies. Analysts note that the US dollar remains rangebound, largely influenced by expectations surrounding the upcoming Consumer Price Index (CPI) report. With inflation anticipated to accelerate, this could potentially strengthen the USD if it alleviates concerns over future Federal Reserve rate cuts. Conversely, a weaker-than-expected inflation report might pressure the USD downwards, particularly given the market's cautious positioning at this time.

In Norway, the situation is similarly intricate. The inflation rate surged to 3.6% in September, outpacing market expectations. This development has prompted Norges Bank to adopt a more tempered approach toward future interest rate reductions, implying a prolonged period of higher interest rates. Market analysts project that the krone may strengthen against the Euro, with Bank of America forecasting an exchange rate of EUR/NOK at 11.30 by year-end, bolstered by Norway's robust economic conditions and the central bank's cautious stance. The weakened krone has also benefitted tourism and seafood exports, further supporting economic resilience.

Current data shows that the NOK to USD exchange rate is at 0.099832, just above its three-month average of 0.099345, and has traded within a stable range of about 5.8%. Such stability suggests that while there may be volatility based on macroeconomic news, the exchange rate has not experienced dramatic fluctuations recently.

The oil market, a significant factor for the NOK given Norway's status as a major oil exporter, has also seen notable activity. Oil prices have recently hit 14-day highs near 65.94, yet they remain slightly below their three-month average of 66.63, trading within a volatile range of 20.4%. Fluctuations in oil prices continue to bear relevance for the NOK as they can directly influence its value.

Overall, the NOK to USD exchange rate outlook hinges on domestic inflation trends and Norges Bank's interest rate strategy, alongside external influences such as USD inflation data and oil price movements. As both currencies navigate these complex dynamics, businesses and individuals engaged in international transactions should remain vigilant of ongoing developments to optimize their currency exchanges.

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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14dHighs
1d+0.1%
NOK to USD is at 14-day highs near 0.1002, just 0.8% above its 3-month average of 0.099424, having traded in a quite stable 5.8% range from 0.096795 to 0.1024
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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
11 Oct 2025
0.0988
2 Week
27 Jul 2025
0.0986
3 Month
25 Oct 2024
0.0911
1 Year
26 Oct 2020
0.1082
5 Year
28 Oct 2015
0.1172
10 Year
30 Oct 2005
0.1549
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