About this pair
EUR/NOK: what to know
The EUR/NOK rate shows how much NOK you get for 1 EUR. Right now, 1 EUR buys 10.7739 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.0928 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while NOK responds to oil and gas prices.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the EUR/NOK rate has ranged between 10.7001 and 11.9857 — a change of -6.83% 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.