NOK · kr
Norwegian Krone (NOK)
The Norwegian Krone (NOK) is the official currency of Norway, issued by Norges Bank. Its value is influenced by oil prices, interest rates, and the country's sovereign wealth fund.
Convert this currency
Converted amount
0.1054 USD
Exchange rate
1 NOK = 0.105379 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
NOK · Norwegian Krone
Norwegian Krone (NOK) Overview
The Norwegian Krone (NOK), often symbolized as 'kr', has been Norway's currency since 1875, when it replaced the speciedaler. It is subdivided into 100 øre, although coins in øre are no longer in circulation. The currency is issued by Norges Bank, the central bank of Norway, which is responsible for monetary policy and maintaining financial stability.
The value of the NOK is closely tied to Norway's economic fundamentals, particularly its role as a major oil and gas exporter. Fluctuations in global energy prices can significantly impact the krone's exchange rate. Additionally, interest rate decisions by Norges Bank and the country's large sovereign wealth fund, the Government Pension Fund Global, play a crucial role in shaping its value.
As a freely floating currency, the NOK is traded on global foreign exchange markets. It is not pegged to any other currency, and its value is determined by supply and demand. For travelers and businesses, understanding the NOK's behavior is important, but it is always advisable to check current exchange rates from reliable sources before making any financial decisions.
- Code
- NOK
- Symbol
- kr
- Current rate
- USD / NOK
Currency information
Last updated · 8/7/2026
Introduced in 1875, replacing the Norwegian speciedaler.
- Official name
- Norwegian krone
- Legal tender status
- Legal tender in Norway
- Decimal places
- 2
- Minor unit
- øre · 1 NOK = 100 øre
- Countries
- Norway
- Territories
- Svalbard, Jan Mayen, Bouvet Island, Peter I Island, Queen Maud Land
- Issuing authority
- Central Bank of Norway
- Central bank
- Norges Bank · Official website
- Exchange-rate regime
- Managed float
Common banknotes
50 kr · 100 kr · 200 kr · 500 kr · 1000 kr
Common coins
1 kr · 5 kr · 10 kr · 20 kr
Also known as
NOK · Norwegian krone · kr
Practical notes
- The krone is divided into 100 øre, but øre coins are no longer in circulation.
- Norway is not a member of the European Union and does not use the euro.
Priority currency pairs
The most useful conversions for this currency.
Norwegian Krone questions
What is the NOK exchange rate?
The displayed rate is the latest available reference rate for USD/NOK. It can change throughout the day.
How can I convert NOK online?
Use the converter above to calculate indicative amounts between NOK and the other supported currencies.