This is the latest exchange rate for the Krone today which is the official currency of Norway. The currency is the Norwegian Krone with symbol code: NOK.
The NOK exchange rate is affected by economic conditions within Norway. Things such as interest rate changes, GDP and unemployment can affect the Krone currency. Economic policies in Norway are set by the Central Bank of Norway (Norges Bank) at regular meetings throughout the year.
|1 Krone =||0.10 USD|
|1 Krone =||0.10 EUR|
|1 Krone =||0.08 GBP|
This table displays other common conversions of the Krone in US Dollars.
|100 Norwegian Krone||10.17|
|500 Norwegian Krone||50.83|
|1000 Norwegian Krone||101.65|
About The Krone
As summer is approaching, so is the urge to go and take a vacation to new places, whether it be in the United States or even abroad. If you are wanting to go and visit a new and exciting country, such as Norway, it’s very beneficial to take a look at the exchange rate and the history of the krone in order to have a better understanding while you are there. Here, you’ll be able to find all you need or want to know about the krone.
Governed by the Norges Bank, the krone is equivalent to 12 cents of a United States dollar. It was introduced in 1875 in order to replace the Norwegian speciedaler, and soon after, Norway became part of the Scandinavian Monetary Union, which began in 1873 and disassembled in 1914. At the time that the Scandinavian Monetary Union broke apart, Norway along with Denmark and Sweden, decided to keep their designated names for their currencies. As of 1992, the Central Bank of Norway also lifted their fixed exchange rate for a floating exchange rate, and has remained to this day.
The coins that are frequently used in Norway include the 1kr, 5kr, 10kr, and 20kr, whereas the bank notes frequently in circulation include the 50kr, 100kr, 200kr, and 500kr. There is also a 1000kr in print, but it is rarely used and circulated.
If you’re ready to make a trip to the beautiful country of Norway this year, keep in mind the history and exchange rates of the krone circulated there. This knowledge will allow you have a better stay and truly enjoy your time in the country!
Historical Krone Exchange Rate Chart