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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 NOK to USD exchange rate has experienced notable fluctuations recently, with the Norwegian krone appreciating significantly against the U.S. dollar. Currently, NOK trades at 0.099216, which is roughly 2.3% above its three-month average of 0.096997. This increase is primarily attributed to a surge in European economic confidence and a positive inflation surprise within Norway, leading to expectations of limited easing from the Norges Bank.

Analysts have observed that the NOK is benefiting from overall market sentiment shifting back to Europe. Specifically, ABN-Amro’s fair value model indicates that the EUR/NOK exchange rate may be undervalued, reflecting excessive optimism around European spending. Moreover, they anticipate potential EUR/NOK resistance as geopolitical tensions, such as U.S. tariffs, could affect European economic sentiment later in the second quarter.

In contrast, the U.S. dollar has faced headwinds, recently dropping to a three-year low amid concerns regarding the Federal Reserve's future direction and a significant downward revision in U.S. GDP figures. The market is closely monitoring the core PCE price index for May, which may influence expectations around interest rates. Should inflation show signs of acceleration, the Fed's potential pivot away from easing could provide support for the dollar.

Furthermore, the dollar's path is inherently tied to global oil prices, as rising oil prices often bolster demand for currencies from oil-exporting nations like Norway. Current Brent Crude OIL/USD prices sit at 67.77, which is 1.2% above its three-month average of 66.99 and has experienced a substantial 31.1% range variation. The interplay between oil prices and NOK could continue to play a key role in shaping future exchange rate dynamics.

Overall, while the NOK has recently gained ground against the USD, the outlook remains complicated by U.S. monetary policy shifts and global economic uncertainties. Investors should stay attuned to upcoming economic data and geopolitical developments that may influence these currencies moving forward.

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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+0.1%
NOK to USD is at 7-day highs near 0.099490, 2.3% above its 3-month average of 0.097236, having traded in a quite volatile 10.9% range from 0.091038 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
14 Jun 2025
0.1010
2 Week
30 Mar 2025
0.0954
3 Month
28 Jun 2024
0.0936
1 Year
29 Jun 2020
0.1034
5 Year
01 Jul 2015
0.1263
10 Year
03 Jul 2005
0.1525
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