About the Krone Norwegia to Euro exchange rate
The NOK/EUR pair shows how many Euro (EUR) one Krone Norwegia (NOK) buys. Eulerpool publishes the live mid-market rate together with a converter, a one-year chart and conversion tables so you can value cash, invoices and investments in both currencies.
NOK/EUR is quoted as EUR per one NOK. At 0,0924, 1 NOK equals 0,0924 EUR and 1 EUR equals 10,827 NOK. The inverse pair is EUR/NOK.
The rate moves with interest-rate differentials, inflation, growth and capital flows between the Krone Norwegia and Euro areas. Treasury teams, investors and travelers use NOK/EUR to convert prices, hedge FX risk and compare returns.
How NOK/EUR is quoted
In NOK/EUR, NOK is the base currency and EUR is the quote currency: the price is how many Euro buy one Krone Norwegia. A rise in NOK/EUR means Krone Norwegia strengthened against Euro; a fall means Krone Norwegia weakened.
What drives the Krone Norwegia to Euro rate
The NOK/EUR rate mainly reflects the policy-rate gap, relative inflation, current-account balances and risk appetite between the Krone Norwegia and Euro economies. CPI, employment, GDP surprises and central-bank decisions typically cause the largest daily moves.