NZD/NOK: what to know
The NZD/NOK rate shows how much NOK you get for 1 NZD. Right now, 1 NZD buys 5.4014 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.1851 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while NOK responds to oil and gas prices.
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. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the NZD/NOK rate has ranged between 5.3741 and 5.9060 — a change of -8.12% 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.