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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.

 

Norwegian krone (NOK) Market Update

The USD to NOK exchange rate is currently facing significant downward pressure, trading near 90-day lows of approximately 9.90, which represents a notable 4.5% decline from its three-month average of 10.37. This volatility has seen the pair fluctuate within a range of 10.9%, reflecting broader concerns about the U.S. economic outlook and monetary policy.

Recent developments indicated a weakening U.S. dollar, attributed to tariff worries and disappointing job market indicators that have raised expectations of a Federal Reserve rate cut. The prospect of easing monetary policy by the Fed has created a more cautious sentiment towards the dollar, further exacerbating its decline against the Norwegian krone (NOK).

Meanwhile, the NOK has gained 9% year-to-date against the dollar, largely driven by improved economic sentiment in Europe and a surprising rise in inflation within Norway. Analysts note that the market is currently pricing in minimal easing from the Norges Bank, with only a slight expectation for a rate cut in the coming months. This relative stability in Norwegian monetary policy contrasts sharply with the uncertainty surrounding U.S. economic measures.

Additionally, Norway's position as a major oil exporter plays a crucial role in the NOK's performance. Current trends show oil prices reaching 90-day highs around 75.62, a significant 12.8% increase from the three-month average. Higher oil prices have historically supported the NOK by boosting demand for the currency. Markets remain sensitive to global oil price movements, as fluctuations can directly impact the Norwegian economy and, consequently, the value of the NOK.

Overall, prevailing forecasts suggest a mixed outlook for USD/NOK, with potential volatility ahead as the market continues to react to economic data and geopolitical developments. Analysts caution that while the NOK may maintain strength in the near term, perspectives on any rebound also depend on the relationship between U.S. fiscal policies, European economic health, and global oil prices.

 

US dollar to Norwegian krone - USD/NOK Trend

 
USD to NOK is at 90-day lows near 9.90, 4.5% below its 3-month average of 10.37, having traded in a quite volatile 10.9% range from 9.90 to 10.98
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Top NOK Rates


Norwegian krone to US dollar
NOKUSD 90 day chart

NOK to USD is at 90-day highs near 0.1010, 4.7% above its 3-month average of 0.096451, having traded in a quite volatile 10.9% range from 0.091038 to 0.1010
NOK to USD
0.1009
90d-highs

Norwegian krone to Euro
NOKEUR 90 day chart

NOK to EUR is at 60-day highs near 0.087421, 1.7% above its 3-month average of 0.08592, having traded in a relatively stable 7.2% range from 0.082554 to 0.088488
NOK to EUR
0.087205
60d-highs

Norwegian krone to Canadian dollar
NOKCAD 90 day chart

NOK to CAD is at 90-day highs near 0.1372, 2.1% above its 3-month average of 0.1344, having traded in a relatively stable 6.1% range from 0.1293 to 0.1372
NOK to CAD
0.1369
90d-highs

Norwegian krone to British pound
NOKGBP 90 day chart

NOK to GBP is at 90-day highs near 0.074432, 2.3% above its 3-month average of 0.072749, having traded in a quite stable 4.8% range from 0.071037 to 0.074432
NOK to GBP
0.074328
90d-highs

Norwegian krone to Indian rupee
NOKINR 90 day chart

NOK to INR is at 90-day highs near 8.6953, 5.4% above its 3-month average of 8.2517, having traded in a quite volatile 11.1% range from 7.8291 to 8.6953
NOK to INR
8.6835
90d-highs

Norwegian krone to Japanese yen
NOKJPY 90 day chart

NOK to JPY is at 90-day highs near 14.55, 3.9% above its 3-month average of 14.01, having traded in a fairly volatile 9.0% range from 13.35 to 14.55
NOK to JPY
14.56
90d-highs

Norwegian krone to Australian dollar
NOKAUD 90 day chart

NOK to AUD at 0.1555 is 2.8% above its 3-month average of 0.1512, having traded in a quite stable 5.1% range from 0.1481 to 0.1556
NOK to AUD
0.1547

Norwegian krone to Singapore dollar
NOKSGD 90 day chart

NOK to SGD at 0.1294 is 2.5% above its 3-month average of 0.1262, having traded in a quite stable 5.3% range from 0.1230 to 0.1295
NOK to SGD
0.1292

Norwegian krone to Chinese yuan
NOKCNY 90 day chart

NOK to CNY is at 90-day highs near 0.7251, 3.8% above its 3-month average of 0.6987, having traded in a fairly volatile 8.9% range from 0.6656 to 0.7251
NOK to CNY
0.7248
90d-highs

A-Z


Norwegian krone to Danish krone
NOKDKK 90 day chart

NOK to DKK is at 60-day highs near 0.6521, 1.7% above its 3-month average of 0.6412, having traded in a relatively stable 7.2% range from 0.6158 to 0.6603
NOK to DKK
0.6504
60d-highs

Norwegian krone to Euro
NOKEUR 90 day chart

NOK to EUR is at 60-day highs near 0.087421, 1.7% above its 3-month average of 0.08592, having traded in a relatively stable 7.2% range from 0.082554 to 0.088488
NOK to EUR
0.087205
60d-highs

Norwegian krone to British pound
NOKGBP 90 day chart

NOK to GBP is at 90-day highs near 0.074432, 2.3% above its 3-month average of 0.072749, having traded in a quite stable 4.8% range from 0.071037 to 0.074432
NOK to GBP
0.074328
90d-highs

Norwegian krone to Indian rupee
NOKINR 90 day chart

NOK to INR is at 90-day highs near 8.6953, 5.4% above its 3-month average of 8.2517, having traded in a quite volatile 11.1% range from 7.8291 to 8.6953
NOK to INR
8.6835
90d-highs

Norwegian krone to Swedish krona
NOKSEK 90 day chart

NOK to SEK is at 60-day highs near 0.9571, 1.9% above its 3-month average of 0.9396, having traded in a quite stable 5.6% range from 0.9106 to 0.9615
NOK to SEK
0.9557
60d-highs

Norwegian krone to US dollar
NOKUSD 90 day chart

NOK to USD is at 90-day highs near 0.1010, 4.7% above its 3-month average of 0.096451, having traded in a quite volatile 10.9% range from 0.091038 to 0.1010
NOK to USD
0.1009
90d-highs