NOK to SEK interbank exchange rate = 1.1023
This calculator converts amounts at the latest SEK/NOK mid-rate orto check the exchange rate you are being offered or already charged.
NOK / SEK converter & margin calculator
|1 NOK||1.1023 SEK|
|5 NOK||5.5115 SEK|
|10 NOK||11.02 SEK|
|20 NOK||22.05 SEK|
|50 NOK||55.12 SEK|
|100 NOK||110.23 SEK|
|250 NOK||275.58 SEK|
|500 NOK||551.15 SEK|
|1,000 NOK||1,102.30 SEK|
|2,000 NOK||2,204.60 SEK|
|5,000 NOK||5,511.50 SEK|
|10,000 NOK||11,023.00 SEK|
|50,000 NOK||55,115.00 SEK|
|100,000 NOK||110,230.00 SEK|
|0.9072 NOK||1 SEK|
|4.5360 NOK||5 SEK|
|9.0720 NOK||10 SEK|
|18.14 NOK||20 SEK|
|45.36 NOK||50 SEK|
|90.72 NOK||100 SEK|
|226.80 NOK||250 SEK|
|453.60 NOK||500 SEK|
|907.20 NOK||1,000 SEK|
|1,814.40 NOK||2,000 SEK|
|4,536.00 NOK||5,000 SEK|
|9,072.00 NOK||10,000 SEK|
|45,360.00 NOK||50,000 SEK|
|90,720.00 NOK||100,000 SEK|
|SEK Country Guides|
NOK/SEK - Historical Trends
This table shows historic rates and trends of Norwegian Krone to Swedish Krona over periods upto 10 years.
|1 Day||1.0964||18 May 2019|
|1 Week||1.1024||12 May 2019|
|1 Month||1.0929||19 Apr 2019|
|6 Months||1.0597||20 Nov 2018|
|1 Year||1.0786||19 May 2018|
|5 Years||1.1072||20 May 2014|
|10 Years||1.1808||21 May 2009|
You can use our NOK interactive charts to check NOKSEK historic trends.
Outlook and forecasts for NOK and SEK
Whenever you are researching a particular exchange rate you are actually interested in two currencies as exchange rates are the ratio between two currencies.
So it follows that if you are determining the best time to transact, in this case the NOK vs SEK, you should pay attention to the forecasts and trends for both Norwegian Krone and Swedish Krona:
Norwegian Krone (NOK) outlook
In the second half of April, the Norwegian krone rallied to a 5-month high against the euro, at Kr9.56, and was strong against other major currencies. Strength was fuelled by a thriving oil market. Oil, Norway’s largest export, was up 44 percent on the year by April-20, to $65 per barrel. Also boosting the krone in April were better-than-expected inflation figures — inflation is now 2.9 percent, more than double that in the Euro Area (1.4 percent).
As expected, Norway's central bank raised interest rates to 1 percent in March. Tighter Norwegian monetary policy throughout 2019 would support the krone, especially if the ECB fails to raise rates.
Earlier this year, Lloyds predicted EUR/NOK at 9.4 at year-end. That level represents a major resistance point for the krone; EUR/NOK hasn’t broken below 9.4 since October 2017.
Swedish Krona (SEK) outlook
2019 has been something of a shocker for the Swedish krona. The currency is the worst performing major currency by some margin, confounding the forecasts of analysts which suggested it would be among the best now that Sweden’s central bank has commenced with a policy tightening cycle (in December it hiked interest rates for the first time in seven years).
Between January and March-8, the krona lost 7 percent of its value against the dollar and slipped to a record low of kr9.5; it also lost 5 percent against the euro, to kr10.65—a six-month low. The krona weakened along with expectations for future Riksbank hikes, which themselves were dented as evidence of a global economic slowdown piled up.
Fortunately for those holding krona, in the week leading up to this report (March-17), the krona was especially strong, making back roughly 40 percent of the aforementioned losses. The rally was driven by speculation that the Riksbank would intervene in the market to strengthen the currency.
“We reiterate our bearish view on the krona,” ING said in February, and “we don't rule out a [EUR/SEK] convergence towards 11.00”—that’s a rate not seen in a decade.
Why can't I just get the NOK/SEK market rate I see online or in the media?
The NOK/SEK mid-rate is the rate you will see quoted online or the news, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the NOK / SEK was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
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