About this pair
NOK/JPY: what to know
The NOK/JPY rate shows how much JPY you get for 1 NOK. Right now, 1 NOK buys 16.7968 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.0595 NOK.
In the short term NOK is driven mainly by oil and gas prices, while JPY responds to Bank of Japan policy and global risk appetite.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the NOK/JPY rate has ranged between 14.3539 and 17.2390 — a change of +16.19% 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.