NOK/AUD: what to know
The NOK/AUD rate shows how much AUD you get for 1 NOK. Right now, 1 NOK buys 0.1501 AUD at the mid-market rate. In the other direction, 1 AUD is worth 6.6615 NOK.
In the short term NOK is driven mainly by oil and gas prices, while AUD responds to commodity prices and Chinese demand.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the NOK/AUD rate has ranged between 0.1450 and 0.1539 — a change of -1.38% 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.