About this pair
CAD/NOK: what to know
The CAD/NOK rate shows how much NOK you get for 1 CAD. Right now, 1 CAD buys 6.7200 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.1488 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while NOK responds to oil and gas prices.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the CAD/NOK rate has ranged between 6.6622 and 7.4148 — a change of -5.69% 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.