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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 performance of the Norwegian Krone (NOK) against the US dollar (USD) presents an intriguing picture. Following significant U.S. jobs data indicating strength in the labor market, which helped the USD rally, the NOK has also demonstrated resilience. The NOK is currently trading near 0.099490 to the USD, marking a 7-day high and showing a 2.3% increase over its 3-month average of 0.097236. The currency has experienced notable volatility, with fluctuations ranging from 0.091038 to 0.1010, which reflects broader economic sentiments and market dynamics.

Analysts attribute the NOK's upward trajectory in recent weeks to a resurgence in European economic sentiment, compounded by an inflation surprise in Norway. This has led to a 9% appreciation of the NOK year-to-date against the dollar. The Norges Bank's cautious stance on interest rates, with only minimal cuts anticipated, aligns with the current strength of the NOK, though some forecasters, like those at ABN-Amro, caution against excessive optimism. They suggest the potential for a EUR/NOK rebound to 11.50 in the near term, particularly if U.S. tariffs begin to influence European market sentiments negatively.

In parallel, the USD continues to pivot on a myriad of factors, predominantly influenced by the Federal Reserve's monetary policy and the broader economic climate. As the USD remains the world’s dominant reserve currency, its strength often increases during periods of uncertainty, supported by strong demand for U.S. assets, especially amidst geopolitical tensions. With oil prices significantly impacting the NOK as Norway's primary export, the recent rise in oil prices—currently trading at 68.80, exceeding its 3-month average of 66.66—further bolsters the NOK's foundation, making it a key player in this exchange rate dynamic.

Overall, the outlook for the NOK/USD exchange rate hinges on several variables, including central bank policies, economic data releases, and ongoing geopolitical developments. As market sentiment shifts, both currencies will likely experience continued fluctuations, providing opportunities for informed international transactions.

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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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
21 Jun 2025
0.0990
2 Week
06 Apr 2025
0.0925
3 Month
05 Jul 2024
0.0949
1 Year
06 Jul 2020
0.1065
5 Year
08 Jul 2015
0.1217
10 Year
10 Jul 2005
0.1515
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