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 7th largest oil exporter. Use the information, data and insights below to make educated and timely decisions regarding the NOK.1

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Norwegian krone (NOK)

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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. Past performance is not a guarantee of future results.


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 06/2016
3.40%
Gross Domestic Product (GDP)
Year-on-Year, as of 05/2013
1.70%
Current Account Balance (BoP)
Reported 06/2016, as of Q1
54.02B
Official Foreign Reserves
As of 05/2016
501.32B

* Source: Interactive Data w


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

  • World’s largest sovereign wealth fund valued at $820B
  • Saves almost all state revenue from oil and gas production
  • Unemployment rate held at 4.6% in 11/2015
  • GDP expanded 3% in Q3 2015

The Cons

  • NOK lost 15.73% vs. USD in 2015
  • Falling oil prices will have negative impact on economy and currency
  • Norway lowered interest rates to an all-time low in 09/2015

NOK Insights last updated: 02/2016


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