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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 recently shown a subdued performance, currently trading at 10.16. This rate is just below its three-month average and has remained within a stable range of 9.90 to 10.45, reflecting limited volatility amid mixed economic signals. Market sentiment appears to be shifting, with a risk-on atmosphere that has diminished the appeal of the U.S. dollar as a safe-haven asset.

Recent forecasts indicate that the U.S. dollar is experiencing downward pressure due to weaker economic data, with analysts anticipating a 10.8% decline in durable goods orders. The Federal Reserve's monetary policy will continue to be a critical factor, as higher interest rates tend to attract investment into USD-denominated assets. However, should inflation and employment figures continue to indicate economic challenges, a dovish stance from the Fed could lead to further depreciation of the USD.

Conversely, the Norwegian krone (NOK) has gained strength in recent weeks, rising 9% year-to-date against the dollar, largely propelled by improving European economic sentiment and surprisingly strong inflation data in Norway. Analysts have noted that the market is currently pricing in minimal easing from the Norges Bank, suggesting confidence in maintaining a stable monetary policy. Some experts from ABN-Amro have indicated that while the NOK benefits from current trends, there exists potential for a EUR/NOK rebound later in the year as geopolitical factors, such as U.S. tariffs, may dampen European optimism.

Significantly, oil prices also play a crucial role in influencing the NOK, given Norway's status as a major oil exporter. Presently, oil is trading at 68.44 USD, slightly above its three-month average. This price level is indicative of considerable volatility, having fluctuated within a large range of 60.14 to 78.85. Rising oil prices tend to bolster the NOK, creating a positive feedback loop for the currency.

Overall, the USD to NOK outlook reflects a balancing act between improving sentiment towards the Norwegian economy and signs of vulnerability within the U.S. economic landscape. Moving forward, continued analysis of both economic indicators and oil market trends will be vital for understanding potential shifts in the USD/NOK exchange rate.

 

US dollar to Norwegian krone - USD/NOK Trend

 
USD to NOK at 10.16 is just below its 3-month average, having traded in a quite stable 5.6% range from 9.90 to 10.45
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1 USD =
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NOK
 
+0.3%
 
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Top NOK Rates


Norwegian krone to US dollar
NOKUSD 90 day chart

NOK to USD at 0.098427 is near its 3-month average, having traded in a quite stable 5.6% range from 0.095668 to 0.1010
NOK to USD
0.098427
-0.3%

Norwegian krone to Euro
NOKEUR 90 day chart

NOK to EUR is at 7-day lows near 0.083793, 2.0% below its 3-month average of 0.085531, having traded in a quite stable 4.6% range from 0.083722 to 0.087613
NOK to EUR
0.083793
-0.3%

Norwegian krone to Canadian dollar
NOKCAD 90 day chart

NOK to CAD at 0.1348 is near its 3-month average, having traded in a very stable 3.7% range from 0.1327 to 0.1376
NOK to CAD
0.1348
+0.1%

Norwegian krone to British pound
NOKGBP 90 day chart

NOK to GBP at 0.073273 is just above its 3-month average, having traded in a quite stable 4.2% range from 0.071896 to 0.074904
NOK to GBP
0.073273
+0.3%

Norwegian krone to Indian rupee
NOKINR 90 day chart

NOK to INR at 8.5146 is 1.1% above its 3-month average of 8.4181, having traded in a relatively stable 7.4% range from 8.1020 to 8.7006
NOK to INR
8.5146
-0.2%

Norwegian krone to Japanese yen
NOKJPY 90 day chart

NOK to JPY at 14.52 is 1.8% above its 3-month average of 14.26, having traded in a relatively stable 6.5% range from 13.72 to 14.61
NOK to JPY
14.52
+0.1%

Norwegian krone to Australian dollar
NOKAUD 90 day chart

NOK to AUD at 0.1499 is 1.0% below its 3-month average of 0.1514, having traded in a quite stable 4.6% range from 0.1487 to 0.1556
NOK to AUD
0.1499
+0.1%

Norwegian krone to Singapore dollar
NOKSGD 90 day chart

NOK to SGD is at 7-day lows near 0.1260, just below its 3-month average, having traded in a quite stable 4.4% range from 0.1241 to 0.1295
NOK to SGD
0.1260

Norwegian krone to Chinese yuan
NOKCNY 90 day chart

NOK to CNY at 0.7056 is just below its 3-month average, having traded in a quite stable 5.2% range from 0.6891 to 0.7251
NOK to CNY
0.7056
-0.2%

A-Z


Norwegian krone to Danish krone
NOKDKK 90 day chart

NOK to DKK is at 7-day lows near 0.6254, 2.0% below its 3-month average of 0.6382, having traded in a quite stable 4.6% range from 0.6249 to 0.6534
NOK to DKK
0.6254
-0.3%

Norwegian krone to Euro
NOKEUR 90 day chart

NOK to EUR is at 7-day lows near 0.083793, 2.0% below its 3-month average of 0.085531, having traded in a quite stable 4.6% range from 0.083722 to 0.087613
NOK to EUR
0.083793
-0.3%

Norwegian krone to British pound
NOKGBP 90 day chart

NOK to GBP at 0.073273 is just above its 3-month average, having traded in a quite stable 4.2% range from 0.071896 to 0.074904
NOK to GBP
0.073273
+0.3%

Norwegian krone to Indian rupee
NOKINR 90 day chart

NOK to INR at 8.5146 is 1.1% above its 3-month average of 8.4181, having traded in a relatively stable 7.4% range from 8.1020 to 8.7006
NOK to INR
8.5146
-0.2%

Norwegian krone to Swedish krona
NOKSEK 90 day chart

NOK to SEK at 0.9378 is just 0.6% below its 3-month average of 0.9435, having traded in a quite stable 4.3% range from 0.9266 to 0.9669
NOK to SEK
0.9378
-0.5%

Norwegian krone to US dollar
NOKUSD 90 day chart

NOK to USD at 0.098427 is near its 3-month average, having traded in a quite stable 5.6% range from 0.095668 to 0.1010
NOK to USD
0.098427
-0.3%