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Norwegian krone (NOK) Market Update, Forecast & Key Drivers

Latest Norwegian krone news, forecasts and analysis. See what’s driving NOK exchange rates right now, including central-bank policy, global risk sentiment and major economic events.

 

NOK Market Update

29 Apr 2026 • 00:31 GMT

NOK/USD 0.1073

The Norwegian krone (NOK) has recently gained strength against several major currencies, notably strengthening about 2.7% against the US dollar and 2.5% against the euro from their recent three-month averages. This rally has been driven partly by energy prices remaining elevated, supporting Norway's commodity exports, and expectations of a potential rate hike by Norges Bank on May 7.

Against the dollar, NOK is trading around 0.1073, slightly above its typical range. Market participants are watching upcoming Norwegian interest rate decisions closely, as they could influence the currency's direction further. Conversely, NOK has seen some weakness against the Australian dollar, near seven-day lows, but remains stable overall.

Despite recent gains, analysts suggest that the NOK's momentum might slow unless Norway's economic data continues to impress or energy markets remain robust. Geopolitical risks related to Middle East tensions and global oil prices continue to be a factor, but for now, the krone remains resilient amidst broader currency fluctuations. Traders should keep an eye on Norges Bank’s decision next month, which could be a key catalyst for the NOK's near-term trend.

📊 Quick forecast view

🔴 Mild downside

0.1060 – 0.1080

🌍 Global risk sentiment

⚪ Range-bound

 

US dollar to Norwegian krone - USD/NOK Trend

 
USD to NOK at 9.3195 is 2.6% below its 3-month average of 9.5687, having traded in a quite stable 5.4% range from 9.2952 to 9.7943
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1 USD =
9.3263We compare provider deals to this wholesale mid-market rate. Read more
NOK
 
1d+0.3%
90dLows
 
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Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

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Top NOK Rates


Norwegian krone to US dollar
NOKUSD 90 day chart
NOK to USD
0.1072
1d−0.3%
90dHighs

Norwegian krone to Canadian dollar
NOKCAD 90 day chart
NOK to CAD
0.1467
1d+0.1%

Norwegian krone to British pound
NOKGBP 90 day chart
NOK to GBP
0.079572
1d−0.2%

Norwegian krone to Indian rupee
NOKINR 90 day chart
NOK to INR
10.18
1d+0.3%
90dHighs

Norwegian krone to Japanese yen
NOKJPY 90 day chart
NOK to JPY
17.19
1d−0.2%
90dHighs

Norwegian krone to Australian dollar
NOKAUD 90 day chart
NOK to AUD
0.1507
1d−0.3%

Norwegian krone to Singapore dollar
NOKSGD 90 day chart
NOK to SGD
0.1374
1d−0.1%
90dHighs

Norwegian krone to Chinese yuan
NOKCNY 90 day chart
NOK to CNY
0.7332
1d0.0%
90dHighs

A-Z


Norwegian krone to Danish krone
NOKDKK 90 day chart
NOK to DKK
0.6862
1d−0.2%
90dHighs

Norwegian krone to British pound
NOKGBP 90 day chart
NOK to GBP
0.079572
1d−0.2%

Norwegian krone to Indian rupee
NOKINR 90 day chart
NOK to INR
10.18
1d+0.3%
90dHighs

Norwegian krone to Swedish krona
NOKSEK 90 day chart
NOK to SEK
0.9988
1d+0.2%
90dHighs

Norwegian krone to US dollar
NOKUSD 90 day chart
NOK to USD
0.1072
1d−0.3%
90dHighs