NOK/USD: what to know
The NOK/USD rate shows how much USD you get for 1 NOK. Right now, 1 NOK buys 0.1077 USD at the mid-market rate. In the other direction, 1 USD is worth 9.2872 NOK.
In the short term NOK is driven mainly by oil and gas prices, while USD responds to Fed policy, US growth and global risk appetite.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the NOK/USD rate has ranged between 0.0975 and 0.1091 — a change of +8.17% 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.