CHF/NOK: what to know
The CHF/NOK rate shows how much NOK you get for 1 CHF. Right now, 1 CHF buys 11.4943 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.0870 CHF.
In the short term CHF is driven mainly by safe-haven demand and SNB policy, while NOK responds to oil and gas prices.
The Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the CHF/NOK rate has ranged between 11.4625 and 12.8437 — a change of -8.10% 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.