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USD to NOK 2026 Forecasts

Analysis of recent dollar → krone forecasts for 2026. We collate forecasts from respected FX analysts together with the latest US dollar to Norwegian krone performance and trends.

 

The forecast for the USD to NOK exchange rate is currently bearish, driven by ongoing expectations of additional rate cuts from the Federal Reserve, which could weaken the USD. Key drivers include widening interest rate differentials as the Federal Reserve looks to ease rates while Norges Bank holds steady at 4.0%. The decline in oil prices has added pressure to the NOK, complicating its monetary policy decisions given Norway's reliance on energy exports.

In terms of trading, the USD to NOK has been stable, operating within a 3.3% range lately, indicating potential for similar movements in the near term. Mobilizing within this trend, analysts expect fluctuations as the market adjusts to economic signals.

Upside risk for the USD includes stronger-than-anticipated economic growth, while a downside risk stems from deeper oil price declines, which could further weaken the NOK. This mix of factors points to likely volatility ahead for the pair as the market responds to evolving economic conditions.

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.

 
Sell USD   →   Buy NOK
1 USD =
10.09We compare provider deals to this wholesale mid-market rate. Read more
NOK
1d+0.4%▲
 
USD to NOK is at 7-day highs near 10.09, near its 3-month average, having traded in a very stable 3.3% range from 9.92 to 10.25
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  1 NOK = 0.099132 USD

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 Dec 2025
10.16
0.7% ▼2 Week
03 Oct 2025
9.9554
1.4% ▲3 Month
01 Jan 2025
11.39
11.4% ▼1 Year
02 Jan 2021
8.6330
16.9% ▲5 Year
04 Jan 2016
8.8742
13.7% ▲10 Year
06 Jan 2006
6.5404
54.3% ▲20 Year
USD/NOK historic rates & change to 01-Jan-2026

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