About this pair
JPY/NOK: what to know
The JPY/NOK rate shows how much NOK you get for 1 JPY. Right now, 1 JPY buys 0.0593 NOK at the mid-market rate. In the other direction, 1 NOK is worth 16.8563 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while NOK responds to oil and gas prices.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the JPY/NOK rate has ranged between 0.0580 and 0.0697 — a change of -13.78% 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.