NOK/USD shows how many US dollars one Norwegian krone buys, used by traders, importers, and travelers converting between Norway and the United States.
The curve shows the change in one unit of NOK expressed in USD. 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 · 7 observations
NOK/USD is a directed currency pair that indicates how many US dollars (USD) are needed to purchase one Norwegian krone (NOK). This pair is commonly used by forex traders, Norwegian importers paying US suppliers, and travelers exchanging currency between Norway and the United States. When the pair appreciates, the krone strengthens against the dollar, meaning each krone buys more dollars; a depreciation means the krone weakens.
The Norwegian krone is heavily influenced by Norges Bank's monetary policy, which targets low and stable inflation, and by Norway's status as a major oil exporter. Crude oil prices significantly affect the krone, as higher oil revenues boost the economy and the currency. The US dollar, managed by the Federal Reserve, is shaped by US interest rates, inflation, and economic growth. The interest-rate differential between Norges Bank and the Fed, along with global risk sentiment, drives capital flows. Norway's large sovereign wealth fund also impacts the krone through its international investments.
Over recent years, NOK/USD has experienced notable swings tied to oil price volatility and divergent central bank policies. The pair saw a sharp decline in 2020 amid the pandemic-driven oil price crash, followed by a partial recovery as oil prices rebounded. In 2022-2023, the krone weakened against a strong dollar as the Fed raised rates aggressively, while Norges Bank also tightened but at a slower pace. More recently, the pair has been influenced by shifting expectations for rate cuts and oil market dynamics. These phases illustrate the krone's sensitivity to commodity cycles and global monetary conditions.
This analysis is provided for information only and is neither a forecast nor financial advice.
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| Date UTC | Rate | Change |
|---|---|---|
| 0,10494897 | +0.12% | |
| 0,10482345 | -0.59% | |
| 0,10544363 | -0.31% | |
| 0,1057731 | +0.09% | |
| 0,10568032 | +0.72% | |
| 0,10492574 | +0.66% | |
| 0,10424094 | — |
Follow NOK/USD for conversion, transfers and international payments.
Displayed source: api.forex. Indicative values are used only as a visual fallback.