The krone is the official currency of Norway. The plural form of krone is kroner. The word krone literally means “crown” in English. The krone is divided into 100 øre, and the official code of the Norwegian krone is (NOK), with the more commonly used domestic sign being (kr). The Norwegian krone currently has a floating exchange rate, after deciding to abandon it's fixed exchange rate over a decade ago. The value of Norwegian kroner changes considerably from one year to the next, compared to other currencies, primarily due to changes in oil prices and interest rates. The instability is ultimately what caused Norway to opt for a floating exchange rate.
Norwegian coins are issued by the Central Bank of Norway. Coins are currently circulating in the denominations of 50 øre, 1 krone, 5 kroner, 10 kroner, 20 kroner. The coins are sized according to the following specifications:
Coins that can be found but have been withdrawn from circulation include the 1 øre, 2 øre, 5 øre, 10 øre, 25 øre, and the 2 kroner.
Banknotes are distributed by the Central Bank of Norway in the denominations of 50 kr, 100 kr, 200 kr, 500 kr, and 1000 kr. The banknotes are colour-coded as follows:
Below are a selection of currency exchange rates for the Norwegian krone (NOK) converted to other world currencies. These rates show what kr1 would convert to in the foreign currency. You can view more information on the other currencies by clicking on the three-letter currency code.
| USD ($) | EUR (€) | GBP (£) | JPY (¥) | AUD (A$) | CAD (C$) | CHF (CHF) | HKD (HK$) | SGD (S$) | MXN (Mex$) | CNY (元) | RUB (руб) | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| kr 1 = | 0.1640 | 0.1255 | 0.1050 | 14.2576 | 0.1819 | 0.1694 | 0.1714 | 1.2734 | 0.2233 | 2.0774 | 1.1111 | 4.9497 |
| Inverse | 6.0988 | 7.9705 | 9.5261 | 0.0701 | 5.4969 | 5.9023 | 5.8349 | 0.7853 | 4.4778 | 0.4814 | 0.9000 | 0.2020 |
View charts of the Norwegian krone (NOK) compared to other world currencies. Charts are updated with the latest currency exchange rate information and allow you view the currency exchange rates over a range of time periods.
| NOK vs. USD | NOK vs. EUR | NOK vs. GBP | NOK vs. JPY |
|---|---|---|---|
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| More NOK vs. USD Charts | More NOK vs. EUR Charts | More NOK vs. GBP Charts | More NOK vs. JPY Charts |