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GBP/NOK - Live Converters & Chart

British Pound Sterling to Norwegian Krone - Convert Compare Save

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.

 

GBP to NOK interbank exchange rate = 11.0434

This calculator converts amounts at the latest NOK/GBP mid-rate or enter a rate to check the exchange rate you are being offered or already charged.

 

GBP / NOK converter & margin calculator

£GBP
krNOK
Mid-rates:
 
 

Foreign Transfers Travel Money

Compare how much you can save on GBP/NOK exchange rates for:

Foreign Transfers Travel Money

British Pound Sterling

Norwegian Krone

1 GBP 11.04 NOK
5 GBP 55.22 NOK
10 GBP 110.43 NOK
20 GBP 220.87 NOK
50 GBP 552.17 NOK
100 GBP 1,104.34 NOK
250 GBP 2,760.85 NOK
500 GBP 5,521.70 NOK
1,000 GBP 11,043.40 NOK
2,000 GBP 22,086.80 NOK
5,000 GBP 55,217.00 NOK
10,000 GBP 110,434.00 NOK
50,000 GBP 552,170.00 NOK
100,000 GBP 1,104,340.00 NOK
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British Pound Sterling

Norwegian Krone

0.0906 GBP 1 NOK
0.4528 GBP 5 NOK
0.9055 GBP 10 NOK
1.8110 GBP 20 NOK
4.5276 GBP 50 NOK
9.0552 GBP 100 NOK
22.64 GBP 250 NOK
45.28 GBP 500 NOK
90.55 GBP 1,000 NOK
181.10 GBP 2,000 NOK
452.76 GBP 5,000 NOK
905.52 GBP 10,000 NOK
4,527.60 GBP 50,000 NOK
9,055.20 GBP 100,000 NOK
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NorwayNorwayBouvet IslandBouvet IslandSvalbard And Jan MayenSvalbard And Jan Mayen

GBP/NOK - Historical Trends

This table shows historic rates and trends of British Pound Sterling to Norwegian Krone over periods upto 10 years.

PeriodChange*GBP/NOKDate
1 Day-0.35%11.081723 May 2019
1 Week-1.27%11.185017 May 2019
1 Month-0.98%11.152224 Apr 2019
6 Months+0.31%11.008425 Nov 2018
1 Year+1.87%10.839824 May 2018
5 Years+9.97%10.041025 May 2014
10 Years+8.28%10.198226 May 2009

*For period to 24-May 21UTC when GBP/NOK was 11.0424

You can use our GBP interactive charts to check GBPNOK historic trends.

Outlook and forecasts for GBP and NOK

Whenever you are researching a particular exchange rate you are actually interested in two currencies as exchange rates are the ratio between two currencies.

So it follows that if you are determining the best time to transact, in this case the GBP vs NOK, you should pay attention to the forecasts and trends for both British Pound Sterling and Norwegian Krone:

 

British Pound Sterling (GBP) outlook

The pound ended a record-setting 14-day losing streak against the euro on May-24, but it was still near multi-month lows at €1.135. The end of GBP selling was attributed by some to the announcement of Theresa May’s resignation (effective June-7); however, this is more likely a coincidence, with profit-taking almost certainly the real cause of GBP relief.

A similar period of harm for GBP/USD took the pair to $1.27 — near a 4-month low.

Sterling weakness has returned following a breakdown in cross-party Brexit talks and a backlash against Theresa May’s “last chance” offer to British MPs — a fourth vote in June on her withdrawal deal which, if passed, will be followed by a legally-binding vote on a second referendum, plus some further, minor enhancements to the deal.

A fourth defeat for May’s plan is widely expected and would make no-deal much more realistic, especially since she is likely to be replaced by a Brexit-supporting Conservative (Leave-voting Boris Johnson is the firm favourite). The new leader could endorse no-deal and that would be disastrous for the pound.

Read the full article British Pound Sterling Forecasts.

 

Norwegian Krone (NOK) outlook

In the second half of April, the Norwegian krone rallied to a 5-month high against the euro, at Kr9.56, and was strong against other major currencies. Strength was fuelled by a thriving oil market. Oil, Norway’s largest export, was up 44 percent on the year by April-20, to $65 per barrel. Also boosting the krone in April were better-than-expected inflation figures — inflation is now 2.9 percent, more than double that in the Euro Area (1.4 percent).

As expected, Norway's central bank raised interest rates to 1 percent in March. Tighter Norwegian monetary policy throughout 2019 would support the krone, especially if the ECB fails to raise rates.

Earlier this year, Lloyds predicted EUR/NOK at 9.4 at year-end. That level represents a major resistance point for the krone; EUR/NOK hasn’t broken below 9.4 since October 2017.

Why can't I just get the GBP/NOK market rate I see online or in the media?

The GBP/NOK mid-rate is the rate you will see quoted online 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 GBP / 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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

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