About this pair
NOK/RON: what to know
The NOK/RON rate shows how much RON you get for 1 NOK. Right now, 1 NOK buys 0.4877 RON at the mid-market rate. In the other direction, 1 RON is worth 2.0505 NOK.
In the short term NOK is driven mainly by oil and gas prices, while RON responds to regional sentiment and euro moves.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
Over the past 12 months the NOK/RON rate has ranged between 0.4249 and 0.4909 — a change of +11.40% 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.