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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NOK to EUR Market Data
Norwegian krone (NOK) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell NOK →
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1 NOK
=
0.083404We compare provider deals to this wholesale mid-market rate. Read more
EUR▲+0.2% since yesterday
NOK to EUR at 0.082761 is 3.4% below its 3-month average of 0.085639, having traded in a relatively stable 7.2% range from 0.082554 to 0.088488
|Tracker
| Date | NOK/EUR | Period |
|---|---|---|
29 Mar 2025 | 0.0876 | 2 Week |
12 Jan 2025 | 0.0852 | 3 Month |
12 Apr 2024 | 0.0861 | 1 Year |
13 Apr 2020 | 0.0890 | 5 Year |
15 Apr 2015 | 0.1191 | 10 Year |
17 Apr 2005 | 0.1214 | 20 Year |
What are equivalent amounts of NOK and EUR?
Here are some popular conversion amounts for NOK to EUR (Norwegian krone to Euro)*.
*Converted at the current NOKEUR 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 NOK to EUR exchange rate
There are several ways to save on exchange rates when converting Norwegian krone to Euro:
- Shop around for the best NOK/EUR 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 NOK/EUR 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 NOK and EUR 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 Euro with Norwegian krone, then it's better for the NOK/EUR 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 the Eurozone — a practical currency and money guide to travel in the Eurozone plus living and doing business with the Euro.
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 Norwegian krone rise against the Euro?
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 NOK/EUR 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
Which Eurozone country has the cheapest cost of living?
The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:
Greece: Greece has a relatively low cost of living compared to other Eurozone countries.
Portugal: Portugal has a lower cost of housing than in other Eurozone countries.
Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.
Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.
Read more at our Eurozone (EUR) country guide
Related exchange rates
Articles that mention the Euro (EUR):
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The US dollar has fallen to a three-year low, influenced by Trump policy back flips plus concerns over the Federal Reserve's independence. Analysts suggest a long-overdue correction due to overvaluation and trade tensions.
News2025-04-10
Yuan's Volatility Surges Amid U.S. Tariff Escalation
The Chinese yuan has weakened following the United States' decision to impose a 125% tariff on Chinese imports, prompting the People's Bank of China to intervene to stabilize the currency.
News2025-03-27
Global Currency Markets React to U.S. Tariffs and Economic Policies
Recent U.S. trade policies, including aggressive tariffs on auto imports, have introduced significant volatility in global currency markets, affecting major currencies such as the euro, British pound, and Japanese yen.
Further reading on the Euro (EUR) - Guides, Reviews & News from our research team.
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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