The NOK/EUR rate shows how many euros one Norwegian krone buys, used by travelers and businesses converting NOK to EUR.
The curve shows the change in one unit of NOK expressed in EUR. An upward slope means the base currency is strengthening relative to the quote currency; a downward slope indicates the opposite.
Use the 7-day, 30-day or 1-year periods to distinguish a short movement from a more lasting trend.
Volatility can reflect central-bank announcements, economic data, trade flows or risk sentiment. A chart is not a forecast: it describes the observations available for the selected period.
Du au · 269 observations
The NOK/EUR exchange rate represents the value of the Norwegian krone against the euro, indicating how many euros are needed to purchase one krone. This pair is relevant for Norwegian importers paying euro-denominated invoices, European tourists visiting Norway, and investors with exposure to both economies. When the krone appreciates against the euro, it means the krone strengthens, making Norwegian goods more expensive for eurozone buyers but reducing the cost of eurozone imports for Norway.
Structural drivers of NOK/EUR include the monetary policies of Norges Bank and the European Central Bank, with interest rate differentials playing a key role. Norway's economy is heavily influenced by oil and gas exports, while the eurozone's economic health depends on manufacturing, services, and trade within the bloc. Inflation, GDP growth, and commodity prices—especially crude oil—affect the krone, while capital flows and risk sentiment also impact the pair. Norway's sovereign wealth fund and trade surplus provide stability, whereas eurozone political developments can create volatility.
Over the past several years, NOK/EUR has experienced periods of strength and weakness tied to oil price swings and global risk appetite. The krone weakened during the 2020 pandemic but recovered as oil prices rebounded. In 2022-2023, higher interest rates in Norway supported the krone, while eurozone energy concerns weighed on the euro. More recently, the pair has fluctuated with changing expectations for central bank policies and commodity markets. This qualitative framework helps understand the pair's behavior without relying on specific forecasts.
This analysis is provided for information only and is neither a forecast nor financial advice.
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| Date UTC | Rate | Change |
|---|---|---|
| 0,0908705 | -0.21% | |
| 0,09106013 | -0.31% | |
| 0,09134055 | -0.37% | |
| 0,09167768 | +0.69% | |
| 0,09105351 | +0.17% | |
| 0,09090331 | +0.21% | |
| 0,0907089 | -0.38% | |
| 0,09105298 | -0.64% |
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Displayed source: api.forex. Indicative values are used only as a visual fallback.