About this pair
RON/NOK: what to know
The RON/NOK rate shows how much NOK you get for 1 RON. Right now, 1 RON buys 2.0505 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.4877 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while NOK responds to oil and gas prices.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the RON/NOK rate has ranged between 2.0372 and 2.3538 — a change of -10.23% 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.