NOK/NZD: what to know
The NOK/NZD rate shows how much NZD you get for 1 NOK. Right now, 1 NOK buys 0.1851 NZD at the mid-market rate. In the other direction, 1 NZD is worth 5.4014 NOK.
In the short term NOK is driven mainly by oil and gas prices, while NZD responds to soft-commodity prices and risk appetite.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the NOK/NZD rate has ranged between 0.1693 and 0.1861 — a change of +8.83% 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.