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Norwegian krone Markets

NOK Currency Update - Our review of Norwegian krone forecasts and news plus charts and historic rates. Check NOK Trends over various time periods.

 

The USD to NOK exchange rate has demonstrated a relatively stable pattern, currently trading at 10.06, close to its three-month average. This range has shown a modest volatility of 5.8%, oscillating between 9.7671 and 10.33. Recent developments in the US and Norway contribute significant factors to the currency dynamics.

The US dollar has recently strengthened amid easing economic concerns and positive sentiments regarding the US-China trade relations, with a notable absence of critical US economic data potentially influencing risk perception. Analysts observe that the evolving landscape of US economic policy, especially with upcoming inflation data and leadership transitions in the Federal Reserve, could sway future USD valuation.

In contrast, the Norwegian krone faces pressure tied to domestic inflation, which surged to 3.6% in September, exceeding expectations. The Norges Bank's cautious approach toward interest rate cuts suggests a likely "higher-for-longer" rate landscape, which contrasts the more aggressive monetary policy dynamics affecting the USD. According to forecasters at Bank of America, expectations for the NOK are leaning toward strengthening against the Euro, highlighting the competitiveness of Norway's economy amid slow rate adjustment strategies.

Moreover, fluctuations in global oil prices are critical for the NOK, as Norway is a major oil exporter. The recent crude price is $61.32, which is significantly 8% below its three-month average and has seen volatility, with a range from $60.96 to $73.37. This drop could influence the NOK negatively, particularly in the context of rising inflation which complicates monetary policy decisions.

Overall, the interaction of these variables—economic sentiment in the US, inflationary pressures in Norway, and oil price movements—will be pivotal in shaping the future trajectory of the USD to NOK exchange rate. Investors and businesses engaged in international transactions should closely monitor these developments for effective currency management strategies.

 

US dollar to Norwegian krone - USD/NOK Trend

 
USD to NOK at 10.06 is near its 3-month average, having traded in a quite stable 5.8% range from 9.7671 to 10.33
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Top NOK Rates


Norwegian krone to US dollar
NOKUSD 90 day chart

NOK to USD at 0.099397 is near its 3-month average, having traded in a quite stable 5.8% range from 0.096795 to 0.1024
NOK to USD
0.099789
1d−0.1%

Norwegian krone to Euro
NOKEUR 90 day chart

NOK to EUR is at 7-day highs near 0.085680, just 0.8% above its 3-month average of 0.085027, having traded in a very stable 3.6% range from 0.083482 to 0.086521
NOK to EUR
0.085951
1d+0.3%

Norwegian krone to Canadian dollar
NOKCAD 90 day chart

NOK to CAD at 0.1393 is 1.2% above its 3-month average of 0.1376, having traded in a quite stable 5.2% range from 0.1338 to 0.1407
NOK to CAD
0.1396
1d−0.2%

Norwegian krone to British pound
NOKGBP 90 day chart

NOK to GBP is at 7-day highs near 0.074351, just 0.7% above its 3-month average of 0.073825, having traded in a quite stable 4.1% range from 0.072091 to 0.075029
NOK to GBP
0.074697
1d+0.2%

Norwegian krone to Indian rupee
NOKINR 90 day chart

NOK to INR is at 7-day highs near 8.7485, near its 3-month average, having traded in a relatively stable 6.2% range from 8.4690 to 8.9982
NOK to INR
8.7551
1d0.0%

Norwegian krone to Japanese yen
NOKJPY 90 day chart

NOK to JPY at 15.09 is 2.4% above its 3-month average of 14.74, having traded in a relatively stable 6.9% range from 14.32 to 15.31
NOK to JPY
15.16
1d+0.6%

Norwegian krone to Australian dollar
NOKAUD 90 day chart

NOK to AUD at 0.1531 is just 0.9% above its 3-month average of 0.1518, having traded in a very stable 2.8% range from 0.1490 to 0.1532
NOK to AUD
0.1538
1d+0.3%

Norwegian krone to Singapore dollar
NOKSGD 90 day chart

NOK to SGD is at 7-day highs near 0.1291, 1.0% above its 3-month average of 0.1278, having traded in a quite stable 4.5% range from 0.1250 to 0.1306
NOK to SGD
0.1295
1d+0.3%

Norwegian krone to Chinese yuan
NOKCNY 90 day chart

NOK to CNY at 0.7079 is just below its 3-month average, having traded in a quite stable 4.7% range from 0.6955 to 0.7284
NOK to CNY
0.7111
1d0.0%

A-Z


Norwegian krone to Danish krone
NOKDKK 90 day chart

NOK to DKK is at 7-day highs near 0.6399, just 0.8% above its 3-month average of 0.6347, having traded in a very stable 3.6% range from 0.6234 to 0.6459
NOK to DKK
0.6420
1d+0.3%

Norwegian krone to Euro
NOKEUR 90 day chart

NOK to EUR is at 7-day highs near 0.085680, just 0.8% above its 3-month average of 0.085027, having traded in a very stable 3.6% range from 0.083482 to 0.086521
NOK to EUR
0.085951
1d+0.3%

Norwegian krone to British pound
NOKGBP 90 day chart

NOK to GBP is at 7-day highs near 0.074351, just 0.7% above its 3-month average of 0.073825, having traded in a quite stable 4.1% range from 0.072091 to 0.075029
NOK to GBP
0.074697
1d+0.2%

Norwegian krone to Indian rupee
NOKINR 90 day chart

NOK to INR is at 7-day highs near 8.7485, near its 3-month average, having traded in a relatively stable 6.2% range from 8.4690 to 8.9982
NOK to INR
8.7551
1d0.0%

Norwegian krone to Swedish krona
NOKSEK 90 day chart

NOK to SEK at 0.9371 is just below its 3-month average, having traded in a stable 2.0% range from 0.9316 to 0.9501
NOK to SEK
0.9390
1d0.0%

Norwegian krone to US dollar
NOKUSD 90 day chart

NOK to USD at 0.099397 is near its 3-month average, having traded in a quite stable 5.8% range from 0.096795 to 0.1024
NOK to USD
0.099789
1d−0.1%