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NOK/ZAR - Live Converters & Chart

Norwegian Krone to South African Rand - 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 ZAR interbank exchange rate = 1.6396

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

 

NOK / ZAR converter & margin calculator

krNOK
RZAR
Mid-rates:
 
 

Foreign Transfers Travel Money

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

Foreign Transfers

Norwegian Krone

South African Rand

1 NOK 1.6396 ZAR
5 NOK 8.1980 ZAR
10 NOK 16.40 ZAR
20 NOK 32.79 ZAR
50 NOK 81.98 ZAR
100 NOK 163.96 ZAR
250 NOK 409.90 ZAR
500 NOK 819.80 ZAR
1,000 NOK 1,639.60 ZAR
2,000 NOK 3,279.20 ZAR
5,000 NOK 8,198.00 ZAR
10,000 NOK 16,396.00 ZAR
50,000 NOK 81,980.00 ZAR
100,000 NOK 163,960.00 ZAR
See more

Norwegian Krone

South African Rand

0.6099 NOK 1 ZAR
3.0495 NOK 5 ZAR
6.0990 NOK 10 ZAR
12.20 NOK 20 ZAR
30.50 NOK 50 ZAR
60.99 NOK 100 ZAR
152.48 NOK 250 ZAR
304.95 NOK 500 ZAR
609.90 NOK 1,000 ZAR
1,219.80 NOK 2,000 ZAR
3,049.50 NOK 5,000 ZAR
6,099.00 NOK 10,000 ZAR
30,495.00 NOK 50,000 ZAR
60,990.00 NOK 100,000 ZAR
See more
ZAR Country Guides
South AfricaSouth Africa

NOK/ZAR - Historical Trends

This table shows historic rates and trends of Norwegian Krone to South African Rand over periods upto 10 years.

PeriodNOK/ZARDate
1 Day1.625811 May 2019
1 Week1.653305 May 2019
1 Month1.643912 Apr 2019
6 Months1.702313 Nov 2018
1 Year1.530012 May 2018
5 Years1.743913 May 2014
10 Years1.322714 May 2009

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

NOK/ZAR - 1 Year Trend

Outlook and forecasts for NOK and ZAR

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 ZAR, you should pay attention to the forecasts and trends for both Norwegian Krone and South African Rand:

 

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.

 

South African Rand (ZAR) outlook

2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar and lost nearly 10 percent against the euro.

The rand started 2019 with a bang but began to falter in the latter stages of January after the South African Reserve Bank pointed to significant improvements in the inflation outlook and indicated that this meant it had less of an incentive to raise interest rates. The SARB predicted only one further increase in rates between now and the end of 2021, down from a predicted three increases in November.

At the time of writing (March-23), at an exchange rate of R14.5 per USD, the rand was bang in the centre of its September-January uptrend against the dollar, and similar could be said versus the euro (R16.4 per EUR).

This May’s general election might add some currency uncertainty given the divisions within South Africa's ruling ANC party but once the election dust has settled the rand will have benefitted, thinks a Standard Bank analyst, due to the “much-needed policy reforms” that the election will facilitate.

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

The NOK/ZAR 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 / ZAR 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.

 

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