Norwegian krone (NOK)

There's a lot to like about life in the land of fjords, where the standard of living is among the highest in the world. Along with its great scenic beauty, Norway is also rich in natural resources and is the world’s third largest oil exporter. Use the information, data and insights below to make educated and timely decisions regarding the NOK.

Track Exchange Rates

FROM:

Norwegian krone (NOK)

TO:
TERM:
HISTORICAL EXCHANGE RATES

* Source: Interactive Data w
Interactive Data asset trends are based on indicative or "spot" currency exchange rates as of the dates specified. Such rates are generally only available for large volume transactions conducted by institutional investors at a specific point in time. These rates are illustrative only and do not reflect interbank rates available to us or the rates we make available to customers at any point in time, and the trend data provided do not include retail exchange spreads or other transaction costs.


Key Indicators

This data may be used to help gauge the health of the Norwegian economy.

Consumer Price Index (CPI)
Year-on-Year, as of 04/15
2.00%
Gross Domestic Product (GDP)
Year-on-Year, as of 05/13
170.00%
Current Account Balance (BoP)
Reported 03/15, as of Q4
65.99B
Official Foreign Reserves
As of 04/15
530.79B

Our NOK Insights

Review the latest list of pros and cons for diversifying in the NOK as researched by our foreign currency experts.

The Pros

  • Saves almost all state revenue from oil and gas production
  • World’s largest sovereign wealth fund valued at $820B
  • Unemployment rate reported at 3.3% as of 11/2013
  • GDP expanded by .7% Q3 2013 over Q2 2013

The Cons

  • NOK depreciated 8.37% versus the U.S. dollar in 2013
  • Consumer confidence decreased to 17.6 in Q4 2013
  • Personal Savings (Households Savings) decreased to 21429 NOK Million in Q3 2013*

*Personal Savings (Households Savings) is most often referred as the ratio of household income saved to household net disposable income in certain period of time. It can also indicate the total value of savings deposits in the economy.

Last updated: 02/2014


Research Our Currencies