Loading...
Best Exchange Rates

Home pages - full list (A-Z)

Compare Online AUD/NOK travel money rates

Find the best online currency exchange rates (Australian Dollar to Norwegian Krone cash)

 

1 AUD = 6.0308 NOK

This is the current AUD-NOK mid-market exchange rate. The Total Cost of buying foreign currency in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-NOK exchange rate.

3 Month Chart
Loading AUDUSD rates

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.

Sorry, our travel money calculators are currently only available for comparing exchange rates rates for buying foreign cash and travel money in Australia, Canada, France, Germany, Netherlands, New Zealand, United Kingdom and the USA.

Currency News and Forecasts - Australian Dollar

TransferWise Borderless Account – BER Review
CBOE Ditches Bitcoin Futures Amid Reduced Interest
Canadian Dollar to Lose a Further 5 Percent, Will Soon Buy Only US$0.71 (TD...
Australian Dollar Still Struggling; AUD/GBP at Lowest Since 2016
Pound Falls From 21-Month High After Doubts Cast on May’s “Legally ...
Australian Dollar, Euro Get Lift from “Too Bad to Be True” US Data