About this pair
NOK/EUR: what to know
The NOK/EUR rate shows how much EUR you get for 1 NOK. Right now, 1 NOK buys 0.0905 EUR at the mid-market rate. In the other direction, 1 EUR is worth 11.0450 NOK.
In the short term NOK is driven mainly by oil and gas prices, while EUR responds to ECB policy and eurozone growth.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the NOK/EUR rate has ranged between 0.0834 and 0.0934 — a change of +7.61% 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.