About this pair
NOK/RUB: what to know
The NOK/RUB rate shows how much RUB you get for 1 NOK. Right now, 1 NOK buys 9.0703 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.1102 NOK.
In the short term NOK is driven mainly by oil and gas prices, while RUB responds to oil and gas prices and sanctions.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
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.