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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 is currently experiencing fluctuations influenced by various factors in the U.S. and Norwegian economies. Recently, the U.S. dollar has shown modest gains primarily due to easing tensions between the U.S. and China, as reports emerged suggesting a potential negotiation for a tariff truce. Analysts highlighted the importance of upcoming U.S. inflation data, with a 0.3% rise in core prices predicted, which could significantly impact Federal Reserve interest rate decisions.

Meanwhile, the recent leadership transition of the Federal Reserve and rising global dedollarization efforts are contributing to uncertainty around the USD's future. These developments could create volatility in the USD as investors await clearer signals regarding the Fed's monetary policy direction.

In contrast, the Norwegian krone has faced support from unexpectedly high inflation rates, which hit 3.6% in September. This has cast doubts on Norges Bank's previous indications for rate cuts, leading to speculations of a “higher-for-longer” interest rate environment. Analysts from Bank of America anticipate the NOK to strengthen against the Euro, forecasting improvements owed to a resilient Norwegian economy and the central bank's cautious stance on interest rates.

The USD to NOK exchange rate currently hovers near 10.05, reflecting a decline to 7-day lows and trading just below its 3-month average. The USD/NOK has demonstrated a stable range over recent months, indicative of a relatively calm market environment. It's also worth noting that the price of Brent Crude oil, a significant export commodity for Norway, has fallen to 61.01, approximately 8.6% below its 3-month average. This decline in oil prices, which has oscillated within a volatile range, may further influence the NOK's performance in the international currency markets.

Thus, the outlook appears cautious, with both currencies facing unique challenges and potential opportunities that could shape future exchange rate movements. Investors should keep a close eye on evolving economic data and geopolitical developments to navigate the USD to NOK dynamics 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 =
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1d−0.1%
USD to NOK is at 7-day lows near 10.05, just below its 3-month average, having traded in a quite stable 5.8% range from 9.7671 to 10.33
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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
07 Oct 2025
9.9675
1% 2 Week
23 Jul 2025
10.10
0.3% 3 Month
21 Oct 2024
10.95
8% 1 Year
22 Oct 2020
9.2509
8.9% 5 Year
24 Oct 2015
8.3748
20.2% 10 Year
26 Oct 2005
6.4722
55.6% 20 Year
USD/NOK historic rates & change to 21-Oct-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