USD/NOK: what to know
The USD/NOK rate shows how much NOK you get for 1 USD. Right now, 1 USD buys 9.2922 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.1076 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while NOK responds to oil and gas prices.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the USD/NOK rate has ranged between 9.1690 and 10.2571 — a change of -7.56% 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.