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USD to NOK 2025 Forecasts

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

 

The USD to NOK exchange rate has seen notable trends recently amid shifting economic conditions and market sentiments. Currently, the USD is trading at 10.24, which is 0.7% above its three-month average of 10.17. This exchange rate has remained relatively stable, fluctuating within a 5.6% range from 9.90 to 10.45 in recent months.

The stability of the US dollar can be attributed to various factors, including the recent upside surprise in the core PCE price index, which has supported the currency's value. Economists note that strong earnings from major U.S. tech firms like Microsoft and Meta have also contributed to a positive market outlook for the dollar. However, analysts caution that upcoming labor market data may impact investor sentiment. Should the non-farm payroll report indicate a cooling job market, it could rekindle expectations of a Federal Reserve interest rate cut, which could weaken USD in the near term.

In contrast, the Norwegian krone (NOK) has demonstrated impressive gains, appreciating approximately 9% against the dollar year-to-date. This surge is largely attributed to improved economic sentiment in Europe and an inflation surprise in Norway, which has kept market expectations aligned with tighter monetary policy. Despite this, analysts at ABN-Amro suggest that the NOK may face challenges in sustaining further gains, with projections noting a potential rebound of EUR/NOK to 11.50 in the coming quarter due to a shift in European equity sentiment influenced by U.S. tariffs.

Given Norway's status as a major oil exporter, fluctuations in oil prices also play a critical role in determining the NOK's strength. Current oil prices are trading at $69.67, which is 2.5% above the three-month average of $67.98, within a notably volatile range of 60.14 to 78.85. This upward pressure on oil is likely to bolster NOK in the short term as higher oil prices generally increase demand for the currency.

Overall, the future trajectory of both the USD and NOK will depend heavily on U.S. economic data, Federal Reserve policies, and global oil price movements. Investors and businesses engaged in international transactions should remain vigilant of these developments to navigate potential currency risks effectively.

USD-NOK Rate Calculator

 
   
   
   
   
 
   
 
 

USD to NOK Market Data

US dollar (USD) to Norwegian krone (NOK) market data - latest interbank exchange rate, trend, chart & historic rates.

 
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1 USD =
10.24We compare provider deals to this wholesale mid-market rate. Read more
NOK
-0.9%
60d-highs
USD to NOK at 10.24 is just 0.7% above its 3-month average of 10.17, having traded in a quite stable 5.6% range from 9.90 to 10.45
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Compare & Save - US dollar to Norwegian krone

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Norwegian krone (NOK) rates from different sources before making a conversion.

Use our USD to NOK 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 Dollar to Krone currency rates and the possible savings of using various providers.

 
 

Will the US dollar rise against the Norwegian krone?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the US dollar vs Norwegian krone current value is to look the USD/NOK historic rate and change over a range of periods.

The following table looks at the change in the USD to NOK exchange rate over periods from the previous week back to the last 10 years.

DateUSD/NOKChangePeriod
18 Jul 2025
10.19
1.4% 2 Week
03 May 2025
10.41
0.8% 3 Month
01 Aug 2024
10.96
5.7% 1 Year
02 Aug 2020
9.1020
13.5% 5 Year
04 Aug 2015
8.2692
24.9% 10 Year
06 Aug 2005
6.3885
61.7% 20 Year
USD/NOK historic rates & change to 01-Aug-2025

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 USD/NOK 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