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Foreign Exchange Guide to Bouvet Island

Latest market mid-rate: 1.0 =

Country Code:
BV
Domestic Currency:
Norwegian krone
Symbol - Code:
kr NOK

The domestic currency in Bouvet Island is the Norwegian krone with currency code NOK. Read this foreign exchange guide to Bouvet Island and the Norwegian krone with money transfer and travel tips plus Norwegian krone exchange cross rates.

In this guide we review :

  1. Norwegian krone info - general info about the Norwegian krone
  2. Norwegian krone in the markets - recent NOK moves and predictions from the FX markets
  3. Travelling in Bouvet Island - currency & money saving tips
  4. Buying Norwegian krone cash online - travel money for Bouvet Island
  5. Sending money to Bouvet Island - save on Norwegian krone bank transfers to Bouvet Island
  6. Norwegian krone exchange rates - latest & historic exchange rates.

Norwegian krone (NOK) general currency information

In 2016, the Norwegian krone contributed to 1.7% of total foreign exchange market volume, and as such was the world's fourteenth most traded currency. The krone is subdivided into 100 øre and was introduced in the late nineteenth century.

Norway’s economy, and consequently the value of the krone, is heavily reliant on oil and gas prices since nearly half of the country’s total exports are these commodities. The krone is therefore aptly termed a ‘petro-currency’. As of 2016, Norway was the world’s tenth largest oil exporter.

Since 1995, the krone’s lowest valuation against the US dollar came in October 2000 when USD/NOK reached 9.65. The currency was strongest in April 2008 when USD/NOK fell to just 4.94 following a boom in the oil price. Against the euro, since the single currency's introduction in 1999, EUR/NOK has traded between 7.21 and 10.16.

What is the Norwegian krone currency code and symbol?

The three letter currency code for the Norwegian krone is NOK and the symbol is kr.

Which countries use the Norwegian krone?

It is the domestic currency in Norway, Bouvet Island and Svalbard And Jan Mayen.


Norwegian krone (NOK) in the markets

Approaching the end of April, the krone held year-to-date gains of 2 percent and 3 percent over the euro and dollar respectively, although much of those gains were the result of the first 1-2 weeks of the year. EUR/NOK, at 9.661, and USD/NOK, at 7.965, were both little changed since mid-January.

Given the Norwegian economy’s reliance on energy exports, it goes without saying that oil’s rally this year towards $70 per barrel has supported a stronger krone. The currency has also benefited from a hawkish central bank. In March, the Norges Bank hinted that interest rates would rise in the autumn.

In April, analysts were optimistic about the krone. Danske bank said it saw “an appealing case for why the NOK should strengthen over the coming year” and predicted EUR/NOK at 9.1 at year-end. ING said that it favoured buying the krone against the Swedish krona.

The interactive chart below shows the NOK to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


NOK-USD 3 Month chart
Loading NOK/USD Chart
NOK currency converter

Bouvet Island Trip Checklist   

  1. Compare NOK travel cash rates - probably why you are here!
  2. Lonely Planet - world's best travel guide (coupon and deals)

Travel money for Bouvet Island

Save money and time by Ordering your Norwegian krone online from Travelex, you get better rates and can pick up the NOK cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Norwegian krone otherwise you may get much worst exchange rates.

Travel Money Exchange Rates Compared

Buying NOK Cash with USD 1,000

Travelex Online logo Travelex Online
1USD=7.4344NOK
kr7434.40 NOK (8.15%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: kr7434.40 NOK
Exchange Rate: 7.4344
(Inverse 1NOK=USD 0.1345)
Fees: USD 0
Total Cost : 8.15% (from mid-rate: 8.0942)
Amount of money that could be received by your currency exchange at rate USD/NOK=7.4344 and inclusive of the fee of USD 0.
Rate timestamp : Sat Jun 23 2018 23:00:03 GMT+0000 (UTC)
Bank Rates - Average
1USD=7.0824NOK
kr7011.58 NOK (13.38%)
This is the average USD to NOK Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: kr7011.58 NOK
Exchange Rate: 7.0824
(Inverse 1NOK=USD 0.1412)
Fees: USD 10 (1%)
Total Cost : 13.38% (from mid-rate: 8.0942)
Receive NOK kr423 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate USD/NOK=7.0824 and inclusive of the fee of USD 10 (1%).
 

Sending money to Bouvet Island

When searching around for information on how to get a good exchange rate when sending money to Bouvet Island you need to start with finding out the latest Norwegian krone foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).

Getting a better deal when sending money to Bouvet Island

When sending money to Bouvet Island it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Norwegian krone amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted NOK amount will be transfered to the recipient account you specify in Bouvet Island.

Use our Send to NOK calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Norwegian krone deposited into the recipient bank account and less margins and fees kept by the banks!

 
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending USD 10,000 to NOK

OFX logo OFX (prev. USForex)
1USD=7.9833NOK
kr79,833 NOK (1.37%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: kr79,833 NOK
Exchange Rate: 7.9833
(Inverse 1NOK=USD 0.1253)
Fees: USD 0
Total Cost : 1.37% (from mid-rate: 8.0942)
This is the amount of money that could be received by your transfer at rate USD/NOK=7.9833 and inclusive of the fee of USD 0.
Rate timestamp : Sat Jun 23 2018 23:04:01 GMT+0000 (UTC)
Bank Rates - Average
1USD=7.7445NOK
kr77,329 NOK (4.46%)
This is the average USD to NOK International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: kr77,329 NOK
Exchange Rate: 7.7445
(Inverse 1NOK=USD 0.1291)
Fees: USD 15
Total Cost : 4.46% (from mid-rate: 8.0942)
Receive NOK kr2,504 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/NOK=7.7445 and inclusive of the fee of USD 15.
 

Norwegian krone - exchange rates - live and historic

Major NOK cross rates
View Full List (A-Z)
1NOK=

NOK/USD - Norwegian krone to U.S. dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.12421 Week
18 May 20180.12321 Month
19 Dec 20170.11976 Months
17 Jun 20170.11841 Year
17 Jun 20160.11962 Years
18 Jun 20130.17455 Years
19 Jun 20080.192710 Years

NOK/EUR - Norwegian krone to Euro - 10 Year History

DateExchange RatePeriod
10 Jun 20180.10541 Week
18 May 20180.10451 Month
19 Dec 20170.10116 Months
17 Jun 20170.10571 Year
17 Jun 20160.10612 Years
18 Jun 20130.13035 Years
19 Jun 20080.124410 Years

NOK/GBP - Norwegian krone to British pound sterling - 10 Year History

DateExchange RatePeriod
10 Jun 20180.09261 Week
18 May 20180.09151 Month
19 Dec 20170.08946 Months
17 Jun 20170.09271 Year
17 Jun 20160.08332 Years
18 Jun 20130.11155 Years
19 Jun 20080.097810 Years

NOK/JPY - Norwegian krone to Japanese yen - 10 Year History

DateExchange RatePeriod
10 Jun 201813.59471 Week
18 May 201813.65491 Month
19 Dec 201713.52296 Months
17 Jun 201713.12471 Year
17 Jun 201612.47112 Years
18 Jun 201316.61895 Years
19 Jun 200820.794010 Years

NOK/AUD - Norwegian krone to Australian dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.16341 Week
18 May 20180.16411 Month
19 Dec 20170.15646 Months
17 Jun 20170.15531 Year
17 Jun 20160.16172 Years
18 Jun 20130.18415 Years
19 Jun 20080.203010 Years

NOK/CAD - Norwegian krone to Canadian dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.16111 Week
18 May 20180.15891 Month
19 Dec 20170.15416 Months
17 Jun 20170.15641 Year
17 Jun 20160.15442 Years
18 Jun 20130.17805 Years
19 Jun 20080.195510 Years