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NOK/TRY - Live Converters & Chart

Norwegian Krone to Turkish Lira - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

NOK to TRY interbank exchange rate = 0.6886

This calculator converts amounts at the latest TRY/NOK mid-rate or enter a rate to check the exchange rate you are being offered or already charged.

 

NOK / TRY converter & margin calculator

krNOK
₺TRY
Mid-rates:
 
 

Foreign Transfers Travel Money

Compare how much you can save on NOK/TRY exchange rates for:

Foreign Transfers

Norwegian Krone

Turkish Lira

1 NOK 0.6886 TRY
5 NOK 3.4430 TRY
10 NOK 6.8860 TRY
20 NOK 13.77 TRY
50 NOK 34.43 TRY
100 NOK 68.86 TRY
250 NOK 172.15 TRY
500 NOK 344.30 TRY
1,000 NOK 688.60 TRY
2,000 NOK 1,377.20 TRY
5,000 NOK 3,443.00 TRY
10,000 NOK 6,886.00 TRY
50,000 NOK 34,430.00 TRY
100,000 NOK 68,860.00 TRY
See more

Norwegian Krone

Turkish Lira

1.4522 NOK 1 TRY
7.2610 NOK 5 TRY
14.52 NOK 10 TRY
29.04 NOK 20 TRY
72.61 NOK 50 TRY
145.22 NOK 100 TRY
363.05 NOK 250 TRY
726.10 NOK 500 TRY
1,452.20 NOK 1,000 TRY
2,904.40 NOK 2,000 TRY
7,261.00 NOK 5,000 TRY
14,522.00 NOK 10,000 TRY
72,610.00 NOK 50,000 TRY
145,220.00 NOK 100,000 TRY
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TRY Country Guides
TurkeyTurkey

NOK/TRY - Historical Trends

This table shows historic rates and trends of Norwegian Krone to Turkish Lira over periods upto 10 years.

PeriodNOK/TRYDate
1 Day0.686811 May 2019
1 Week0.684405 May 2019
1 Month0.680312 Apr 2019
6 Months0.646113 Nov 2018
1 Year0.539012 May 2018
5 Years0.349713 May 2014
10 Years0.242914 May 2009

You can use our NOK interactive charts to check NOKTRY historic trends.

NOK/TRY - 1 Year Trend

Outlook and forecasts for NOK and TRY

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 TRY, you should pay attention to the forecasts and trends for both Norwegian Krone and Turkish Lira:

 

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.

 

Turkish Lira (TRY) outlook

In the second half of April, the lira slipped to its weakest level in 6 months against the dollar, at ₺5.83. It was 11.5 percent lower than its strongest level from January, but was 21.5 percent higher than its 2018 low (2018 was a crisis year for the lira).

In April, Turkey described a reform package aimed at lifting the economy out of recession. The package included billions injected into banks, reduced tax exemptions, lower corporate tax rates and a crackdown on the shadow economy; however, ratings agencies did not see many positives in the plans due to inadequate details.

TradingEconomics.com sees the lira quoted 5 percent weaker against the dollar in April 2020, at ₺6.14.

Why can't I just get the NOK/TRY market rate I see online or in the media?

The NOK/TRY 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 / TRY 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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all NOK Exchange Rates