Comparing EUR to NOK Exchange Rates
You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale EUR/NOK rate ( interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for EUR to NOK International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.
Euro to Norwegian Krone - Quick Conversions
|
EUR |
NOK |
| € 1 |
kr 10.33 |
| € 5 |
kr 51.65 |
| € 10 |
kr 103.30 |
| € 20 |
kr 206.60 |
| € 50 |
kr 516.50 |
| € 100 |
kr 1,033 |
| € 250 |
kr 2,583 |
| € 500 |
kr 5,165 |
| € 1,000 |
kr 10,330 |
| € 2,000 |
kr 20,660 |
| € 5,000 |
kr 51,650 |
| € 10,000 |
kr 103,300 |
| € 50,000 |
kr 516,500 |
| € 100,000 |
kr 1,033,000 |
| More amounts |
Calculate other EUR/NOK amounts (from or to) at mid-market with our
EUR to NOK Calculator .
Euro and Norwegian Krone - Market News
When determining the best time to make a foreign exchange transaction, in this case the EUR vs NOK, you should pay attention to the recent market trends for both currencies.
Euro (EUR)
The Euro has regained it’s mojo in December after dropping back in November due to the COVID-19 second-wave outbreak with France, Italy, and Germany. EUR/USD is over $US1.215 and at its yearly highs.
Get more details in the article Euro Forecasts.
Norwegian Krone (NOK)
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.
Country Guides - Norwegian Krone
How to get Good EUR to NOK Exchange Rates
There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.
Reduce Excessive costs and fees
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
Our real-time foreign transfer and travel money/cards comparison calculators
make shopping around easy and help you calculate how much you can save.
What is a good EUR to NOK exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Euro vs Norwegian Krone current value is to look the EUR/NOK historic rate and change over a range of periods.
The following table looks at the change in the EUR to NOK exchange rate over periods from the previous week back to the last 10 years.
| EUR/NOK | Change | Period |
|---|
| 10.3424 07 Jan 2021 | 0.6% ▼ | 1 Week |
| 10.5995 15 Dec 2020 | 3% ▼ | 30 Days |
| 10.9904 16 Oct 2020 | 6.4% ▼ | 90 Days |
| 9.8792 15 Jan 2020 | 4.1% ▲ | 1 Year |
| 9.6319 16 Jan 2016 | 6.8% ▲ | 5 Years |
| 7.7899 17 Jan 2011 | 32% ▲ | 10 Years |
EUR/NOK 10 year historic rates & change to 14-Jan-2021 : 10.2850
Will the Euro rise against the Norwegian Krone?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add EUR/NOK to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
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View My Alerts
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.