Convert Norwegian Krone to US Dollar
NOK to USD Exchange Rate Calculator
1 Norwegian Krone (NOK) = 0.1079 US Dollar (USD) at the live mid-market rate. That means $100 NOK converts to roughly 10.79 USD, and $1,000 NOK converts to about 107.86 USD. The NOK/USD 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/USD context
Over the past 90 days, NOK/USD has traded between 0.1026 and 0.1091. The current rate of 0.1079 sits roughly 82% through that range — near the upper end, meaning US Dollar has been weaker than typical against Norwegian Krone recently. Versus the rate 90 days ago, Norwegian Krone has strengthened by 4.11% against US Dollar.
NOK/USD Price History
Interactive NOK/USD 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 US Dollar (USD)
The United States Dollar (USD) is the world's primary reserve currency and the single most traded currency in global foreign exchange markets. Issued by the Federal Reserve System since 1913, it anchors the DXY (U.S. Dollar Index) and sits on one side of roughly 88% of all forex transactions.
- •Involved in ~88% of all daily forex turnover (BIS Triennial Survey)
- •Accounts for roughly 58% of allocated central bank reserves (IMF COFER)
- •Primary invoicing currency for global oil, metals, and most commodities
- •Dollar-denominated debt issued outside the US exceeds $13 trillion
- •The Federal Reserve sets the federal funds rate, which drives USD strength globally
Frequently Asked Questions
Why is USD/NOK so sensitive to oil prices?
Norway is Western Europe's largest oil and natural-gas producer. Petroleum revenues fund roughly 20% of state spending and the Government Pension Fund Global (the "oil fund," now over $1.6 trillion). A $5 sustained move in Brent crude typically translates to a 1–2% move in USD/NOK over subsequent weeks.
How does Norges Bank set policy?
Norges Bank meets eight times per year, with announcements at 08:00 UTC for most policy meetings. Policy decisions, the Monetary Policy Report (quarterly), and the Governor's press conferences all move NOK. Norges Bank also publishes an explicit interest-rate path projection — the most transparent forward guidance among G10 central banks.
Why did European gas exports become so important to NOK?
After Russian gas flows to Europe collapsed in 2022, Norway became the largest natural-gas supplier to the EU. Gas now rivals oil in Norway's export mix, and TTF (Dutch front-month gas) prices have become a meaningful NOK driver alongside Brent crude. European energy crises produce NOK rallies that pure oil correlation does not capture.
Is NOK a liquid currency?
NOK is the least liquid G10 currency, with daily turnover roughly 10% of EUR/USD volume. Spreads widen sharply during Asian-session hours and US holidays. For sizeable transactions, splitting orders across the London session and using limit orders is standard practice.
How does the oil fund affect NOK?
The Government Pension Fund Global invests Norway's oil revenues entirely in foreign assets — never in NOK. This structural FX outflow has historically capped NOK strength even during oil booms. Conversely, when the fund rebalances or sells assets to fund Norwegian government spending, those flows can support NOK.
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Exchange rates refresh hourly · Sourced from institutional-grade data providers