About this pair
NOK/BRL: what to know
The NOK/BRL rate shows how much BRL you get for 1 NOK. Right now, 1 NOK buys 0.5506 BRL at the mid-market rate. In the other direction, 1 BRL is worth 1.8161 NOK.
In the short term NOK is driven mainly by oil and gas prices, while BRL responds to commodity prices and central-bank policy.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The Brazilian Real (BRL) is issued by Central Bank of Brazil. The real was introduced in 1994 to end hyperinflation; the plural is “reais”.
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.