About this pair
NOK/KRW: what to know
The NOK/KRW rate shows how much KRW you get for 1 NOK. Right now, 1 NOK buys 143.9516 KRW at the mid-market rate. In the other direction, 1 KRW is worth 0.00694678 NOK.
In the short term NOK is driven mainly by oil and gas prices, while KRW responds to tech exports and global risk appetite.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”.
Over the past 12 months the NOK/KRW rate has ranged between 140.0613 and 165.3958 — a change of +2.96% 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.