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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.

 

Recent analysis indicates a notable strengthening of the US dollar (USD) against the Norwegian krone (NOK), with the USD reaching 30-day highs near 10.14. This position is only 0.8% below its 3-month average of 10.22, showing relative stability within a range of 9.90 to 10.64. The appreciation of the dollar is attributed to safe-haven flows, reduced expectations for cuts in Federal Reserve interest rates, and positive trade sentiment from upcoming US trade deals.

According to various analysts, the strength of the USD is bolstered by monetary policy, particularly as higher interest rates tend to attract investors, thus increasing demand for USD-backed assets. Furthermore, the dollar's safe-haven status becomes particularly pronounced amidst global economic uncertainty and geopolitical tensions. Factors such as inflation rates, employment data, and GDP growth will continue to be essential drivers influencing the USD's trajectory.

Conversely, the NOK has also seen significant appreciation, climbing 9% year-to-date against the dollar. This has mainly been driven by stronger European economic sentiment and a surprising uptick in Norwegian inflation. Analysts from ABN-Amro suggest that while NOK may experience continued pressure in the short term, there is potential for a rebound against the Euro, which could indirectly impact the USD/NOK dynamics as US tariffs affect European sentiment.

Additionally, movements in oil prices exert considerable influence on the NOK, given Norway's status as a major oil exporter. Current oil prices are at 70.44 USD per barrel, representing a 4.8% increase from its 3-month average of 67.21. The volatility in the Brent Crude OIL/USD market, evident from the substantial trading range of 60.14 to 78.85, indicates that fluctuations in oil prices will likely continue to impact NOK performance.

Overall, the balance between the USD's safe-haven appeal and the NOK's gains driven by local economic factors presents a dynamic landscape for the USD/NOK exchange rate. Investors and businesses engaged in international transactions should stay attuned to both US economic data and developments in European markets to optimize their currency strategies.

 

US dollar to Norwegian krone - USD/NOK Trend

 
USD to NOK is at 30-day highs near 10.14, just 0.8% below its 3-month average of 10.22, having traded in a relatively stable 7.5% range from 9.90 to 10.64
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1 USD =
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NOK
 
+0.1%
30d-highs
 
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Top NOK Rates


Norwegian krone to US dollar
NOKUSD 90 day chart

NOK to USD is at 30-day lows near 0.098608, just 0.8% above its 3-month average of 0.097886, having traded in a relatively stable 7.4% range from 0.094000 to 0.1010
NOK to USD
0.098448
-0.1%
30d-lows

Norwegian krone to Euro
NOKEUR 90 day chart

NOK to EUR at 0.084435 is 1.2% below its 3-month average of 0.085502, having traded in a quite stable 5.5% range from 0.083054 to 0.087613
NOK to EUR
0.084388

Norwegian krone to Canadian dollar
NOKCAD 90 day chart

NOK to CAD is at 7-day lows near 0.1350, near its 3-month average, having traded in a quite stable 4.9% range from 0.1312 to 0.1376
NOK to CAD
0.1349
-0.2%

Norwegian krone to British pound
NOKGBP 90 day chart

NOK to GBP at 0.073088 is just above its 3-month average, having traded in a quite stable 5.4% range from 0.071037 to 0.074904
NOK to GBP
0.073324
-0.1%
14d-highs

Norwegian krone to Indian rupee
NOKINR 90 day chart

NOK to INR is at 30-day lows near 8.4631, 1.1% above its 3-month average of 8.3761, having traded in a relatively stable 8.0% range from 8.0580 to 8.7006
NOK to INR
8.4633
-0.1%
30d-lows

Norwegian krone to Japanese yen
NOKJPY 90 day chart

NOK to JPY at 14.52 is 2.7% above its 3-month average of 14.14, having traded in a fairly volatile 8.8% range from 13.43 to 14.61
NOK to JPY
14.54
-0.2%
14d-highs

Norwegian krone to Australian dollar
NOKAUD 90 day chart

NOK to AUD is at 30-day lows near 0.1500, just 0.9% below its 3-month average of 0.1513, having traded in a quite stable 5.1% range from 0.1481 to 0.1556
NOK to AUD
0.1503
-0.1%
30d-lows

Norwegian krone to Singapore dollar
NOKSGD 90 day chart

NOK to SGD at 0.1263 is near its 3-month average, having traded in a quite stable 4.4% range from 0.1240 to 0.1295
NOK to SGD
0.1262
-0.2%

Norwegian krone to Chinese yuan
NOKCNY 90 day chart

NOK to CNY is at 30-day lows near 0.7069, near its 3-month average, having traded in a quite stable 5.5% range from 0.6876 to 0.7251
NOK to CNY
0.7057
-0.1%
30d-lows

A-Z


Norwegian krone to Danish krone
NOKDKK 90 day chart

NOK to DKK at 0.6300 is 1.3% below its 3-month average of 0.638, having traded in a quite stable 5.4% range from 0.6201 to 0.6534
NOK to DKK
0.6299

Norwegian krone to Euro
NOKEUR 90 day chart

NOK to EUR at 0.084435 is 1.2% below its 3-month average of 0.085502, having traded in a quite stable 5.5% range from 0.083054 to 0.087613
NOK to EUR
0.084388

Norwegian krone to British pound
NOKGBP 90 day chart

NOK to GBP at 0.073088 is just above its 3-month average, having traded in a quite stable 5.4% range from 0.071037 to 0.074904
NOK to GBP
0.073324
-0.1%
14d-highs

Norwegian krone to Indian rupee
NOKINR 90 day chart

NOK to INR is at 30-day lows near 8.4631, 1.1% above its 3-month average of 8.3761, having traded in a relatively stable 8.0% range from 8.0580 to 8.7006
NOK to INR
8.4633
-0.1%
30d-lows

Norwegian krone to Swedish krona
NOKSEK 90 day chart

NOK to SEK at 0.9440 is just above its 3-month average, having traded in a quite stable 5.4% range from 0.9175 to 0.9669
NOK to SEK
0.9472

Norwegian krone to US dollar
NOKUSD 90 day chart

NOK to USD is at 30-day lows near 0.098608, just 0.8% above its 3-month average of 0.097886, having traded in a relatively stable 7.4% range from 0.094000 to 0.1010
NOK to USD
0.098448
-0.1%
30d-lows