About this pair
KRW/NOK: what to know
The KRW/NOK rate shows how much NOK you get for 1 KRW. Right now, 1 KRW buys 0.00692343 NOK at the mid-market rate. In the other direction, 1 NOK is worth 144.4371 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while NOK responds to oil and gas prices.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the KRW/NOK rate has ranged between 0.00604610 and 0.00713973 — a change of -2.88% 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.