EUR/NOK trading at 12.08, 3.4% above 3M avg. Analysts see potential pullback to 11.50 in Q2 amid German political optimism & NOK strength. Oil price volatility (-11.9% below avg) remains key factor for krone movements. #forex #EURNOK
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EUR to NOK Market Data
Euro (EUR) to Norwegian krone (NOK) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell EUR →
Buy NOK
1 EUR
=
11.99We compare provider deals to this wholesale mid-market rate. Read more
NOK▼-0.2% since yesterday
EUR to NOK at 12.08 is 3.4% above its 3-month average of 11.68, having traded in a relatively stable 7.2% range from 11.30 to 12.11
|Tracker
| Date | EUR/NOK | Change | Period |
|---|---|---|---|
01 Apr 2025 | 11.30 | 5.9% ▲ | 2 Week |
15 Jan 2025 | 11.65 | 2.7% ▲ | 3 Month |
15 Apr 2024 | 11.62 | 3% ▲ | 1 Year |
16 Apr 2020 | 11.26 | 6.3% ▲ | 5 Year |
18 Apr 2015 | 8.4535 | 41.6% ▲ | 10 Year |
20 Apr 2005 | 8.1977 | 46% ▲ | 20 Year |
What are equivalent amounts of EUR and NOK?
Here are some popular conversion amounts for EUR to NOK (Euro to Norwegian krone)*.
*Converted at the current EURNOK interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for EUR to NOK
Recent forecasts and currency market updates indicate a complex outlook for the EUR to NOK exchange rate. As of now, the EUR/NOK stands at approximately 12.08, which is 3.4% above its three-month average of 11.68. This suggests that the euro is currently experiencing upward pressure, despite trading within a relatively stable range of 11.30 to 12.11 over the past few months.
Read our full review of recent EUR to NOK forecasts.
How to get a good EUR to NOK exchange rate
There are several ways to save on exchange rates when converting Euro to Norwegian krone:
- Shop around for the best EUR/NOK exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
- Timing is important: Keep an eye on the EUR/NOK rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
- Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both EUR and NOK at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
- Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.
The key is reducing excessive costs and fees
Generally speaking, if you are buying Norwegian krone with Euro, then it's better for the EUR/NOK exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
Read our Currency guide to Norway — a practical currency and money guide to travel in Norway plus living and doing business with the Norwegian krone.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
Will the Euro rise against the Norwegian krone?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add EUR/NOK to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Currency Country Guides
| Eurozone (EUR) | Norway (NOK) |  Bouvet Island (NOK) |
 Svalbard and Jan Mayen (NOK) |
What is the cost of living in Norway?
There is no definitive answer to this question as the cost of living can vary greatly depending on lifestyle and location. However, according to Expatistan, the cost of living in Norway is generally high, with Oslo being the most expensive city.
How is the expat life in Norway?
Overall, the expat life in Norway is quite good. The country offers a high quality of life, including excellent healthcare and education. There is a strong sense of community, and Norwegians are generally very friendly and welcoming to foreigners. However, it can be expensive to live in Norway, and the winters can be long and dark.
Read more at our Norway (NOK) country guide
Related exchange rates
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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