About this pair
NOK/CAD: what to know
The NOK/CAD rate shows how much CAD you get for 1 NOK. Right now, 1 NOK buys 0.1493 CAD at the mid-market rate. In the other direction, 1 CAD is worth 6.6962 NOK.
In the short term NOK is driven mainly by oil and gas prices, while CAD responds to oil prices and the US economy.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Over the past 12 months the NOK/CAD rate has ranged between 0.1349 and 0.1501 — a change of +6.03% 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.