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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.

     

    Forecasts for USD to NOK

     

    The USD to NOK exchange rate has recently been influenced by a multitude of factors, particularly shifts in consumer sentiment, trade policies, and oil prices. The US dollar (USD) has faced pressure due to disappointing consumer sentiment figures which raise concerns about potential recession risks in the US economy. Analysts note that these sentiments have tempered demand for the USD, especially amid uncertainties surrounding trade negotiations led by President Donald Trump. The recent announcement of a trade deal with the UK hints at a potential shift in the dollar’s dynamic, yet many remain skeptical about its immediate positive impact.

    Additionally, concerns regarding the Federal Reserve's monetary policy persist. With tariffs being applied to various US trading partners and apprehensions about the strength of US Treasury bonds, market confidence in the USD could continue to erode. Economists are increasingly speculating that Trump's policies might aim to intentionally devalue the dollar to safeguard American interests, further complicating the USD outlook.

    In contrast, the Norwegian krone (NOK) has experienced significant gains recently, up 9% year-to-date against the USD. This surge is largely attributed to improved economic sentiment across Europe and a stronger-than-expected inflation report from Norway. Analysts highlight that the market is anticipating only minimal easing from the Norges Bank in the near future, indicating a firm stance that may support NOK's appreciation.

    The current exchange rate of USD to NOK sits at 10.38, which is notably below its three-month average of 10.65, with volatility evident in a range from 10.27 to 11.26. This fluctuation reflects a broader uncertainty in USD valuations. Analysts suggest that the NOK could face pressures depending on the trajectory of the euro and external economic factors, particularly if US tariffs start to negatively impact European sentiment.

    Oil prices, inherently crucial to the NOK’s strength given Norway’s status as a major oil exporter, currently sit at USD 65.52. This is 4.5% below its three-month average, indicating a potential risk for the NOK if oil prices continue to decline. With oil having traded in a significant range from USD 60.14 to 76.54, any further volatility could impact the NOK's performance against the USD.

    Overall, forecasts for the USD to NOK exchange rate appear to be caught between the pressures of US economic data, shifting trade policies, and external market dynamics, including oil prices. As such, market participants should remain vigilant to these influences when considering their currency exchange strategies.

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    USD to NOK Market Data

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

     
    Sell USD   →   Buy NOK
    1 USD =
    10.39We compare provider deals to this wholesale mid-market rate. Read more
    NOK
    USD to NOK at 10.38 is 2.5% below its 3-month average of 10.65, having traded in a fairly volatile 9.6% range from 10.27 to 11.26
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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.

     
    DateUSD/NOKChangePeriod
    05 May 2025
    10.40
    0.1% 2 Week
    18 Feb 2025
    11.15
    6.8% 3 Month
    19 May 2024
    10.67
    2.6% 1 Year
    20 May 2020
    9.9029
    4.9% 5 Year
    22 May 2015
    7.6299
    36.2% 10 Year
    24 May 2005
    6.4148
    62% 20 Year
    USD/NOK historic rates & change to 19-May-2025
     

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    Will the US dollar rise against the Norwegian krone?

    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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    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