The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
EUR to NOK interbank exchange rate = 9.6294
Right now the EUR/NOK interbank exchange rate is 9.6294.
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 Euro.
This EUR/NOK Converter calculates equivalent Euro 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.
EUR / NOK converter & margin calculator
1 EUR =
1 NOK =
Compare how much you can save on EUR/NOK exchange rates for:
Euro to Norwegian Krone (EUR-NOK) - 10 Year History
The below table shows the historic variation in the EUR/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 EUR versus other currencies : EUR historical charts.
20 Mar 2019
13 Mar 2019
18 Feb 2019
21 Sep 2018
20 Mar 2018
20 Mar 2017
21 Mar 2014
22 Mar 2009
Why can't I just get the EUR/NOK market rate I see on Google or in the Media?
The EUR/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 EUR / 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 EUR/NOK midrate the better deal you are getting.
The three things you need in order to get a good EUR to NOK exchange rate
Know the latest EUR/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
Currency news and forecasts for Euro 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 EUR vs NOK, you should pay attention to both Euro and Norwegian Krone news and forecasts.
Euro (EUR) - Market news and forecasts
Between November and February, the euro was remarkably stable relative to the US dollar, against which it traded for the most part between $1.125 and $1.155. In the days leading up to this report, in March, the euro broke downwards to a 21-month low of $1.118.
Further to Brexit uncertainty, euro weakness followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 at the earliest as part of an effort to lift the eurozone economy out of this “period of continued weakness.”
ING analysts wrote in March that they expect the low-yielding euro to continue to depreciate against the dollar over the coming months. Danske Bank predicted a euro dip towards $1.1 before a rally over 3-6 months back into a $1.12-1.16 range.
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.
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representative of all the products available in the market. The use of terms "Best" and "Top" are not product ratings and are subject to our disclaimer.
You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.
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