Convert Norwegian Krone to Swedish Krona
NOK to SEK Exchange Rate Calculator
1 Norwegian Krone (NOK) = 1.0023 Swedish Krona (SEK) at the live mid-market rate. That means $100 NOK converts to roughly 100.23 SEK, and $1,000 NOK converts to about 1,002.30 SEK. The NOK/SEK rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day NOK/SEK context
Over the past 90 days, NOK/SEK has traded between 0.9502 and 1.0162. The current rate of 1.0023 sits roughly 79% through that range — near the upper end, meaning Swedish Krona has been weaker than typical against Norwegian Krone recently. Versus the rate 90 days ago, Norwegian Krone has strengthened by 5.49% against Swedish Krona.
NOK/SEK Price History
Interactive NOK/SEK exchange rate chart with 7-day, 30-day, and 90-day views.
About Norwegian Krone (NOK)
The Norwegian Krone (NOK) is the official currency of Norway, issued by Norges Bank. It is the petrocurrency of Europe — Norway is Western Europe's largest oil and gas producer, and NOK movements closely track Brent crude prices alongside Norges Bank rate policy.
- •Norway is the largest natural gas supplier to the European Union
- •Norway's sovereign wealth fund (GPFG) exceeds $1.7 trillion — the world's largest
- •Norges Bank runs an inflation target of 2%
- •NOK is Europe's most oil-sensitive currency
- •Norway remains outside the EU and Eurozone
About Swedish Krona (SEK)
The Swedish Krona (SEK) is the official currency of Sweden, issued by the Riksbank — the world's oldest central bank, founded in 1668. SEK is one of the more liquid Scandinavian currencies and is strongly correlated with European economic conditions despite Sweden remaining outside the Eurozone.
- •Riksbank founded 1668 — the world's oldest central bank still in operation
- •Sweden is among the world's most cashless societies; cash is under 9% of point-of-sale transactions
- •Sweden voted against joining the Euro in a 2003 referendum
- •Riksbank targets 2% CPIF inflation
- •SEK is correlated with EUR because ~60% of Swedish exports go to the EU
Frequently Asked Questions
How does European economic data affect NOK/SEK?
Both Scandinavian and G10 European currencies are tightly linked to Eurozone economic conditions through trade flows and financial correlations. Eurozone CPI, ECB decisions, and German manufacturing data all move NOK/SEK.
What is a typical daily range for NOK/SEK?
Daily ranges vary with volatility regimes. Majors like EUR/USD typically move 0.5–1.2% on quiet days and 2–3% on data-release days. Check the 30-day chart above for a sense of the current range.
What economic events move NOK/SEK the most?
The biggest scheduled catalysts are Norges Bank decisions and Brent crude movements and Riksbank decisions and Swedish CPI. Geopolitical headlines and global risk sentiment also produce meaningful moves, especially when one currency is a safe-haven and the other is risk-sensitive.
Is it cheaper to convert NOK to SEK at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market NOK/SEK than traditional banks. Always compare the total delivered amount, not just the advertised "fee" — many providers embed their margin in the exchange rate itself.
Does the NOK/SEK rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market NOK/SEK rates don't update during that window. Retail broker spreads often widen at Sunday open as Asian desks reopen, so the first few hours of the new week can carry wider execution costs.
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More on NOK and SEK
Country money guides, key terms, rate history, and articles related to NOK/SEK.
Country guides
Glossary
- Pip (Forex)A pip ("percentage in point") is the smallest standard price increment for a currency pair…
- Spread (Forex)The spread is the difference between the buy (ask) price and the sell (bid) price of a cur…
- Mid-Market RateThe mid-market rate is the midpoint between the buy (bid) and sell (ask) price of a curren…
Rate history
- USD/SEK historyUSD/SEK is the largest Nordic currency pair by volume, reflecting Sweden's position as the largest Nordic economy and home to globally-significant exporters (Volvo, IKEA, Ericsson, H&M, Spotify)
- USD/NOK historyUSD/NOK is uniquely tied to oil and natural gas prices — Norway is Western Europe's largest oil and gas producer
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Exchange rates refresh hourly · Sourced from institutional-grade data providers