Foreign Exchange Guide to Svalbard And Jan Mayen

This currency guide to Svalbard And Jan Mayen helps you choose the best way to save money on NOK transfers and travel money.    [HKD/NOK=1.1575]

Svalbard And Jan Mayen
Country Code:
Domestic Currency:
Norwegian Krone
Symbol - Code:
kr NOK
Telephone Prefix:

This is a foreign exchange guide to Svalbard And Jan Mayen, the Norwegian Krone currency plus sending NOK transfers and travel tips.

In this Svalbard And Jan Mayen currency guide we take a look at :

  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 Svalbard And Jan Mayen - currency & money saving tips
  4. Buying Norwegian Krone cash online - travel money for Svalbard And Jan Mayen
  5. Sending money to Svalbard And Jan Mayen - save on Norwegian Krone bank transfers to Svalbard And Jan Mayen
  6. Norwegian Krone exchange rates - latest & historic exchange rates.

Norwegian Krone (NOK) general currency information

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.

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.

Norwegian Krone (NOK) in the markets

Sentiment on the krone improved drastically in June after Norway’s central bank raised interest rates and signalled further hikes this year, thereby bucking the trend for lower-rates globally.

Prior to this, against the US dollar, the krone had tested the massive 8.8 per USD level, a break of which would have had the krone at its weakest level in 3 years. The greenback was back buying 8.5 krone at the time of this report.

Late last year, against the euro, the krone struck a 10-year low of 10.057 per EUR; it has since recovered to levels near 9.65.

Danske Bank said following June’s meeting of the Norges Bank that it favoured more krone strength in the third quarter.

The interactive chart below shows the HKD to NOK exchange rate and trend for the previous 3 months:

HKD/NOK at 1.1577 is trading near the 90-day average 1.159 with a range 1.1266 to 1.1779. ALERT: HKD/NOK has risen to 30-DAY HIGHS.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

Travel, Currency and Money saving tips for Svalbard And Jan Mayen


Svalbard and Jan Mayen are combined for the purposes of the International Organization for Standardization (ISO) category, they are not administratively related. This has further resulted in the country code top-level domain .sj being issued for Svalbard and Jan Mayen.

Svalbard is an archipelago in the Arctic about midway between mainland Norway and the North Pole. The administrative center is Longyearbyen, and other settlements, in addition to research outposts, are the Russian mining community of Barentsburg, the research community of Ny-Ålesund and the mining outpost of Sveagruva. The Svalbard Treaty of 1920 recognizes Norwegian sovereignty,[5] and the 1925 Svalbard Act made Svalbard a full part of the Kingdom of Norway. The archipelago is administrated by the Governor of Svalbard, which is subordinate to the Norwegian Ministry of Justice and the Police. Unlike the rest of Norway (including Jan Mayen), Svalbard is a free economic zone and a demilitarized zone, and is not part of the Schengen Area nor the European Economic Area.

Jan Mayen is a volcanic island in the Arctic Ocean located at the border of the Norwegian Sea and the Greenland Sea. The single island covers an area of 377 square kilometres (146 sq mi) and is dominated by the 2,277-metre (7,470 ft) tall Beerenberg volcano. The island's only population is a combined military and meteorological outpost that operates a LORAN-C transmitter at Olonkinbyen. The Norwegian Meteorological Institute annexed the island for Norway in 1922. On 27 February 1930, the island was made de jure a part of the Kingdom of Norway.


Travel money for Svalbard And Jan Mayen


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.


Svalbard And Jan Mayen Trip Checklist    

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

Sending money to Svalbard And Jan Mayen

When searching around for information on how to get a good exchange rate when sending money to Svalbard And Jan Mayen 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).

Get a better deal for foreign transfers to Svalbard And Jan Mayen

When sending money to Svalbard And Jan Mayen 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 Svalbard And Jan Mayen.

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!


Bank Transfers to Svalbard And Jan Mayen

Compare Transfer Rates


Norwegian Krone to United States Dollar - Historical Rates

1 Day0.112020 Jan 2020
7 Day0.112714 Jan 2020
30 Day0.111522 Dec 2019
3 Month0.109623 Oct 2019
1 Year0.116921 Jan 2019
5 Year0.130622 Jan 2015
10 Year0.172323 Jan 2010

Norwegian Krone to Euro - Historical Rates

1 Day0.100920 Jan 2020
7 Day0.101214 Jan 2020
30 Day0.100622 Dec 2019
3 Month0.098423 Oct 2019
1 Year0.102821 Jan 2019
5 Year0.114922 Jan 2015
10 Year0.121923 Jan 2010

Norwegian Krone to British Pound Sterling - 10 Year History

1 Day0.086120 Jan 2020
7 Day0.086514 Jan 2020
30 Day0.085722 Dec 2019
3 Month0.084823 Oct 2019
1 Year0.090721 Jan 2019
5 Year0.087022 Jan 2015
10 Year0.106923 Jan 2010

Norwegian Krone to Australian Dollar - Historical Rates

1 Day0.162920 Jan 2020
7 Day0.163414 Jan 2020
30 Day0.161422 Dec 2019
3 Month0.159923 Oct 2019
1 Year0.163221 Jan 2019
5 Year0.162922 Jan 2015
10 Year0.190823 Jan 2010

Country Guides - Full List (A-Z)