AUD/NOK: what to know
The AUD/NOK rate shows how much NOK you get for 1 AUD. Right now, 1 AUD buys 6.6615 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.1501 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while NOK responds to oil and gas prices.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the AUD/NOK rate has ranged between 6.4980 and 6.8972 — a change of +1.40% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.