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NOK to USD 2026 Forecasts

Analysis of recent krone → dollar forecasts for 2026. We collate forecasts from respected FX analysts together with the latest Norwegian krone to US dollar performance and trends.

 

The market bias for NOK against USD is currently bearish.

The interest rate differential has narrowed, with Norges Bank recently holding its rate steady at 4.0% while the Federal Reserve is expected to cut rates, which may pressure the USD further. Risk sentiment is influenced by declining oil prices, now at 7-day lows, which has added to the krone’s weakness due to Norway's reliance on energy exports. Additionally, forecasts anticipate three rate cuts by the Fed by mid-2026, indicating expected dollar softness.

The NOK/USD exchange rate is likely to trade within a stable range, slightly above recent averages, as it has fluctuated within a 3.4% band over the past three months.

Upside risk includes unexpected oil price recoveries, potentially boosting the krone. Conversely, a faster-than-expected decline in U.S. interest rates could lead to further weakness in the USD, influencing the exchange rate negatively for 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 =
0.099242We compare provider deals to this wholesale mid-market rate. Read more
USD
1d−0.3%▼
 
NOK to USD at 0.099450 is just above its 3-month average, having traded in a very stable 2.7% range from 0.097528 to 0.1002
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  1 USD = 10.08 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
20 Dec 2025
0.0986
2 Week
05 Oct 2025
0.1003
3 Month
03 Jan 2025
0.0880
1 Year
04 Jan 2021
0.1169
5 Year
06 Jan 2016
0.1118
10 Year
08 Jan 2006
0.1529
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