AUD to NOK interbank exchange rate = 6.032
Right now the AUD/NOK interbank exchange rate is 6.032. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Norwegian Krone to Australian Dollar.
This AUD/NOK Converter calculates equivalent Australian Dollar to Norwegian Krone amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
AUD / NOK converter & margin calculator
|1 AUD||6.0320 NOK|
|5 AUD||30.16 NOK|
|10 AUD||60.32 NOK|
|20 AUD||120.64 NOK|
|50 AUD||301.60 NOK|
|100 AUD||603.20 NOK|
|250 AUD||1,508.00 NOK|
|500 AUD||3,016.00 NOK|
|1,000 AUD||6,032.00 NOK|
|2,000 AUD||12,064.00 NOK|
|5,000 AUD||30,160.00 NOK|
|10,000 AUD||60,320.00 NOK|
|50,000 AUD||301,600.00 NOK|
|100,000 AUD||603,200.00 NOK|
|0.1658 AUD||1 NOK|
|0.8290 AUD||5 NOK|
|1.6580 AUD||10 NOK|
|3.3160 AUD||20 NOK|
|8.2900 AUD||50 NOK|
|16.58 AUD||100 NOK|
|41.45 AUD||250 NOK|
|82.90 AUD||500 NOK|
|165.80 AUD||1,000 NOK|
|331.60 AUD||2,000 NOK|
|829.00 AUD||5,000 NOK|
|1,658.00 AUD||10,000 NOK|
|8,290.00 AUD||50,000 NOK|
|16,580.00 AUD||100,000 NOK|
|NOK Country Guides|
|Norway||Bouvet Island||Svalbard And Jan Mayen|
Australian Dollar to Norwegian Krone (AUD-NOK) - 10 Year History
The below table shows the historic variation in the AUD/NOK exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of AUD versus other currencies : AUD historical charts.
|19 Mar 2019||6.0509||Latest|
|12 Mar 2019||6.0998||1 Week||-0.8%|
|17 Feb 2019||6.1705||1 Month||-1.94%|
|20 Sep 2018||5.9366||6 Months||+1.93%|
|19 Mar 2018||5.9521||1 Year||+1.66%|
|19 Mar 2017||6.5226||2 Years||-7.23%|
|20 Mar 2014||5.4657||5 Years||+10.71%|
|21 Mar 2009||4.3961||10 Years||+37.64%|
Why can't I just get the AUD/NOK market rate I see on Google or in the Media?
The AUD/NOK mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / NOK was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
The closer your final exchange rate is to the market AUD/NOK midrate the better deal you are getting.
The three things you need in order to get a good AUD to NOK exchange rate
- Know the latest AUD/NOK market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
- Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency news and forecasts for Australian Dollar and Norwegian Krone
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs NOK, you should pay attention to both Australian Dollar and Norwegian Krone news and forecasts.
Australian Dollar (AUD) - Market news and forecasts
Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.
In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.
Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.
Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).
Norwegian Krone (NOK) - Market news and forecasts
16-February-2019: January was a good month for the Norwegian krone with gains of 3 percent against both the dollar and euro. The krone was driven higher by a turn in the oil price, which had collapsed in the fourth quarter of last year. In December, oil losses took the krone to a 10-year low against the euro (Kr10.057) and to a 3-year low versus the dollar (Kr8.823). By the end of January, the dollar was buying only Kr8.426 and the euro only Kr9.646.
In the first half of February, the krone has struggled: on balance, it has given back roughly half of its January gains. Traders appeared to anticipate February’s slower inflation data (for the month of January) and favoured other currencies. Traders also sought more liquid, safer currencies as recession risks increased for some of Norway’s major trading partners.
Norway's central bank said in December that it would “most likely” raise interest rates in March. A tighter Norwegian monetary policy throughout 2019 would support the krone, especially if the ECB fails to raise rates.
In February, Lloyds predicted EUR/NOK at 9.4 at year-end.